Fortescue Metals Group (OTCMKTS:FSUGY) Downgraded to Sell at CLSA

CLSA downgraded shares of Fortescue Metals Group (OTCMKTS:FSUGY – Get Rating) from an underperform rating to a sell rating in a research report released on Tuesday, The Fly reports.

Separately, JPMorgan Chase & Co. lowered shares of Fortescue Metals Group from a neutral rating to an underweight rating in a research note on Tuesday, December 13th.

Fortescue Metals Group Stock Down 4.5 %

OTCMKTS:FSUGY opened at $30.55 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.41 and a current ratio of 2.85. Fortescue Metals Group has a fifty-two week low of $18.64 and a fifty-two week high of $33.40. The firm has a 50-day simple moving average of $27.54 and a two-hundred day simple moving average of $24.91.

About Fortescue Metals Group

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Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.