Ferrexpo (LON:FXPO) Stock Price Down 14.2% – What’s Next?

Shares of Ferrexpo plc (LON:FXPO) fell 14.2% during trading on Wednesday . The company traded as low as GBX 64.40 and last traded at GBX 66.80. 28,464,711 shares changed hands during trading, an increase of 651% from the average session volume of 3,790,753 shares. The stock had previously closed at GBX 77.90.

Wall Street Analysts Forecast Growth

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

Ferrexpo Stock Down 12.1%

The company has a market capitalization of £402.82 million, a PE ratio of -1.34, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company’s fifty day moving average is GBX 56.77 and its 200-day moving average is GBX 53.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

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.