Fortescue (OTCMKTS:FSUGY) Hits New 52-Week High – What’s Next?

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) shares reached a new 52-week high on Monday . The company traded as high as $31.1150 and last traded at $30.76, with a volume of 4713 shares traded. The stock had previously closed at $30.28.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded Fortescue from a “hold” rating to an “underperform” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Fortescue Stock Up 2.1%

The company’s 50 day simple moving average is $29.82 and its two-hundred day simple moving average is $27.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.84 and a current ratio of 2.43.

Fortescue Company Profile

Fortescue (OTCMKTS:FSUGY) is the U.S. over‑the‑counter ticker for Fortescue Metals Group, an Australian company principally engaged in the exploration, mining, processing and sale of iron ore. Since its founding in 2003, the company has developed large‑scale open‑pit operations in the Pilbara region of Western Australia and built integrated infrastructure — including rail and port facilities — to move bulk shipments of iron ore to international steelmakers.

Fortescue’s core products are iron ore lump and fines, which it markets to customers around the world, with strong trade links to Asian steel producers.