Ferrexpo (LON:FXPO) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Ferrexpo plc's stock price recently surpassed its 200-day moving average of GBX 54.70, trading as high as GBX 57 during the session.
• The company's current market cap stands at £321.56 million and it has a relatively low debt-to-equity ratio of 0.33.
• Despite challenges, including the war in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, emphasizing its significant role in the global steel industry.

Ferrexpo plc (LON:FXPO - )'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 54.70 ($0.73) and traded as high as GBX 57 ($0.76). Ferrexpo shares last traded at GBX 54.65 ($0.73), with a volume of 1,470,599 shares changing hands.

Ferrexpo Price Performance

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 market cap of £321.56 million, a price-to-earnings ratio of -106.63, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a fifty day simple moving average of GBX 52.33 and a two-hundred day simple moving average of GBX 54.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.