Ferrexpo (LON:FXPO) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 61.17 and traded as low as GBX 40.94. Ferrexpo shares last traded at GBX 42.74, with a volume of 1,068,371 shares traded.

Ferrexpo Trading Down 4.9%

The firm has a market capitalization of £251.48 million, a price-to-earnings ratio of -0.83, a price-to-earnings-growth ratio of -0.18 and a beta of 0.89. The firm’s 50 day moving average is GBX 54.48 and its 200 day moving average is GBX 61.17. The company has a quick ratio of 2.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.37.

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.