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

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

Analysts Set New Price Targets

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

Ferrexpo Price Performance

The stock’s 50 day simple moving average is GBX 57.05 and its two-hundred day simple moving average is GBX 53.48. The stock has a market cap of £403.05 million, a price-to-earnings ratio of -1.34, 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.

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.