Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) Given Average Rating of “Reduce” by Analysts

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) has earned a consensus rating of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company.

Several equities analysts recently issued reports on the company. Zacks Research lowered Fortescue from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. Jefferies Financial Group reiterated an “underperform” rating on shares of Fortescue in a research report on Monday, February 16th.

Fortescue Price Performance

Shares of OTCMKTS:FSUGY opened at $27.26 on Friday. The stock’s 50-day moving average price is $29.19 and its 200-day moving average price is $27.94. The company has a quick ratio of 1.84, a current ratio of 2.43 and a debt-to-equity ratio of 0.26. Fortescue has a 12-month low of $16.41 and a 12-month high of $31.70.

About Fortescue

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.