Ferrexpo (LON:FXPO) Stock Price Down 6.8% - Here's What Happened

Key Points

• Ferrexpo's stock price fell by 6.8% to £51.42 ($0.69) during mid-day trading on Thursday, with a trading volume of 4,202,253 shares, up by 5% from its average.
• The company has a market capitalization of £371.11 million, with a debt-to-equity ratio of 0.33 and a price-to-earnings ratio of -6.71, indicating potential financial instability.
• Despite challenges from the war in Ukraine, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, highlighting its longstanding presence in the global steel industry.

Ferrexpo plc (LON:FXPO - ) traded down 6.8% during mid-day trading on Thursday . The company traded as low as GBX 50.81 ($0.68) and last traded at GBX 51.42 ($0.69). 4,202,253 shares changed hands during trading, an increase of 5% from the average session volume of 3,987,758 shares. The stock had previously closed at GBX 55.20 ($0.74).

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 stock's 50-day simple moving average is GBX 48.80 and its two-hundred day simple moving average is GBX 59.98. The company has a market capitalization of £371.11 million, a price-to-earnings ratio of -6.71, a PEG 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.

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.