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

Ferrexpo plc (LON:FXPO)’s share price dropped 13.3% during mid-day trading on Wednesday . 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.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “hold” rating and issued a GBX 53 target price 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, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 53.

Ferrexpo Stock Performance

The company’s 50-day moving average is GBX 69.60 and its two-hundred day moving average is GBX 58.53. The company has a market capitalization of £504.84 million, a P/E ratio of -1.67, a PEG ratio of -0.18 and a beta of 1.26. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

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.