Ferrexpo (LON:FXPO) Trading 2.1% Higher - What's Next?

Shares of Ferrexpo plc (LON:FXPO - Get Free Report) shot up 2.1% during trading on Thursday . The company traded as high as GBX 59.40 ($0.79) and last traded at GBX 58.90 ($0.78). 1,214,700 shares were traded during trading, a decline of 75% from the average session volume of 4,818,373 shares. The stock had previously closed at GBX 57.70 ($0.77).

Ferrexpo Stock Up 7.9 %

The firm's fifty day simple moving average is GBX 61.75 and its two-hundred day simple moving average is GBX 80.21. 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 company has a market capitalization of £574.58 million, a price-to-earnings ratio of -10.40, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26.

Ferrexpo (LON:FXPO - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The iron ore producer reported GBX (8.51) (($0.11)) EPS for the quarter. Ferrexpo had a negative net margin of 6.50% and a negative return on equity of 5.13%. Sell-side analysts anticipate that Ferrexpo plc will post 3.7897311 EPS for the current year.

Ferrexpo Company Profile

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.