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Ferrexpo (LON:FXPO) Stock Price Down 10% - Time to Sell?

Ferrexpo logo with Basic Materials background

Ferrexpo plc (LON:FXPO - Get Free Report) shares were down 10% during trading on Tuesday . The company traded as low as GBX 69.60 ($0.93) and last traded at GBX 69.96 ($0.93). Approximately 1,721,087 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 4,867,479 shares. The stock had previously closed at GBX 77.70 ($1.03).

Ferrexpo Stock Performance

The company's fifty day simple moving average is GBX 61.76 and its two-hundred day simple moving average is GBX 80.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11. The stock has a market capitalization of £491.18 million, a P/E ratio of -8.89, a PEG ratio of -0.18 and a beta of 1.26.

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

About Ferrexpo

(Get Free Report)

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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