Ferrexpo (LON:FXPO) Shares Down 12.1% – Should You Sell?

Ferrexpo plc (LON:FXPO)’s stock price dropped 12.1% during mid-day trading on Wednesday . The company traded as low as GBX 64.40 and last traded at GBX 68.50. Approximately 7,425,609 shares changed hands during trading, an increase of 101% from the average daily volume of 3,701,225 shares. The stock had previously closed at GBX 77.90.

Analyst Ratings Changes

Separately, Peel Hunt restated a “hold” rating and set a GBX 53 price objective on shares of Ferrexpo in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ferrexpo currently has a consensus rating of “Hold” and a consensus target price of GBX 53.

Ferrexpo Stock Performance

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 stock has a fifty day moving average price of GBX 57.05 and a two-hundred day moving average price of GBX 53.48. The company has a market cap of £403.05 million, a P/E ratio of -1.34, a PEG ratio of -0.18 and a beta of 1.26.

About Ferrexpo

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.