Ferrexpo (LON:FXPO) Shares Down 11.1% - Should You Sell?

Key Points

• Ferrexpo plc's shares fell by 11.1% on Wednesday, trading at GBX 52.62 ($0.71), with a significant increase in trading volume compared to the average.
• The company maintains a healthy financial position with a quick ratio of 2.20 and a debt-to-equity ratio of 0.33, but has reported a negative P/E ratio of -6.89.
• Despite the ongoing conflict in Ukraine, Ferrexpo produced 6.1 million tonnes of high-grade iron ore pellets in 2022, supporting the global steel industry since its operations began over 50 years ago.

Shares of Ferrexpo plc (LON:FXPO - ) traded down 11.1% on Wednesday . The stock traded as low as GBX 52.62 ($0.71) and last traded at GBX 52.62 ($0.71). 4,749,516 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 3,945,404 shares. The stock had previously closed at GBX 59.20 ($0.80).

Ferrexpo Stock Down 13.0%

The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of GBX 48.21 and a 200 day simple moving average of GBX 61.90. The firm has a market capitalization of £380.83 million, a P/E ratio of -6.89, a P/E/G ratio of -0.18 and a beta of 1.26.

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.

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