Ferrexpo (LON:FXPO) Trading 6.4% Higher – What’s Next?

Ferrexpo plc (LON:FXPO) shares rose 6.4% during mid-day trading on Friday . The company traded as high as GBX 57.90 and last traded at GBX 56.80. Approximately 5,030,058 shares were traded during trading, an increase of 41% from the average daily volume of 3,578,565 shares. The stock had previously closed at GBX 53.40.

Analyst Upgrades and Downgrades

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

Ferrexpo Price Performance

The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of £339.50 million, a PE ratio of -1.13, a PEG ratio of -0.18 and a beta of 1.26. The business has a fifty day moving average price of GBX 54 and a 200-day moving average price of GBX 53.05.

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.