Ferrexpo (LON:FXPO) Shares Down 7.1% - What's Next?

Key Points

• Ferrexpo plc's stock price fell 7.1% to GBX 51.30 ($0.69) during mid-day trading, significantly down from its previous close of GBX 55.20 ($0.74).
• The company has a market capitalization of £402.31 million and reported a P/E ratio of -7.28, indicating financial challenges.
• Ferrexpo, which produces high-grade iron ore pellets, maintained production of 6.1 million tonnes in 2022 despite the ongoing war in Ukraine.

Ferrexpo plc (LON:FXPO - Get Free Report)'s stock price traded down 7.1% on Thursday . The company traded as low as GBX 49.80 ($0.67) and last traded at GBX 51.30 ($0.69). 5,640,741 shares traded hands during trading, an increase of 41% from the average session volume of 3,996,637 shares. The stock had previously closed at GBX 55.20 ($0.74).

Ferrexpo Stock 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 £433.33 million, a PE ratio of -7.84, a P/E/G ratio of -0.18 and a beta of 1.26. The stock's 50 day simple moving average is GBX 49.35 and its two-hundred day simple moving average is GBX 58.90.

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.