Ferrexpo (LON:FXPO) Shares Down 13.3% – Should You Sell?

Ferrexpo plc (LON:FXPO)’s stock price dropped 13.3% during trading on Tuesday . The company traded as low as GBX 61.10 and last traded at GBX 63. Approximately 3,313,720 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 1,697,535 shares. The stock had previously closed at GBX 72.70.

Analyst Upgrades and Downgrades

Separately, Peel Hunt restated a “hold” rating and issued a GBX 53 target price on shares of Ferrexpo in a report on Monday, November 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 53.

Ferrexpo Stock Performance

The stock has a market cap of £370.69 million, a price-to-earnings ratio of -1.23, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The company’s fifty day simple moving average is GBX 68.72 and its two-hundred day simple moving average is GBX 58.32.

Ferrexpo Company Profile

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.