Ferrexpo (LON:FXPO) Shares Down 10.2% – What’s Next?

Ferrexpo plc (LON:FXPO)’s stock price traded down 10.2% during mid-day trading on Tuesday . The stock traded as low as GBX 93.07 ($1.16) and last traded at GBX 93.07 ($1.16). 2,926,794 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 2,261,869 shares. The stock had previously closed at GBX 103.60 ($1.29).

Ferrexpo Price Performance

The business’s 50 day moving average price is GBX 102.69 and its 200-day moving average price is GBX 70.55. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.34. The company has a market cap of £478.51 million, a PE ratio of -1,142.86, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26.

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.