Ferrexpo (LON:FXPO) Trading Down 13% - Should You Sell?

Key Points

• Ferrexpo plc's shares dropped by 13% on Wednesday, closing at GBX 51.50 ($0.70) after trading as low as GBX 51.05.
• The company holds a market capitalization of £380.83 million and has a negative price-to-earnings ratio of -6.89.
• Despite challenges, Ferrexpo produced 6.1 million tonnes of iron ore pellets in 2022, maintaining its supply to the global steel industry.

Ferrexpo plc (LON:FXPO - ) shares fell 13% on Wednesday . The stock traded as low as GBX 51.05 ($0.69) and last traded at GBX 51.50 ($0.70). 5,421,773 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 3,949,714 shares. The stock had previously closed at GBX 59.20 ($0.80).

Ferrexpo Stock Down 13.0%

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 firm has a market capitalization of £380.83 million, a PE ratio of -6.89, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The firm has a 50-day moving average of GBX 48.27 and a two-hundred day moving average of GBX 61.82.

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.

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