Ferrexpo (LON:FXPO) Trading Down 7.1% - Should You Sell?

Key Points

• Ferrexpo plc's share price saw a decline of 7.1% during mid-day trading, dropping to GBX 51.26 ($0.69) from a previous close of GBX 55.20 ($0.74).
• The company has significant financial metrics, including a debt-to-equity ratio of 0.33 and a P/E ratio of -6.71, reflecting challenges in profitability.
• Ferrexpo operates in the iron ore industry, producing high grade iron ore pellets that contribute to reduced carbon emissions for steelmakers, even amidst the ongoing conflict in Ukraine.

Ferrexpo plc (LON:FXPO - )'s share price was down 7.1% during mid-day trading on Thursday . The stock traded as low as GBX 50.56 ($0.68) and last traded at GBX 51.26 ($0.69). Approximately 4,828,790 shares were traded during trading, an increase of 21% from the average daily volume of 3,991,625 shares. The stock had previously closed at GBX 55.20 ($0.74).

Ferrexpo Trading Down 9.1%

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 firm's fifty day simple moving average is GBX 48.80 and its 200-day simple moving average is GBX 59.98. The stock has a market cap of £371.11 million, a P/E ratio of -6.71, a price-to-earnings-growth 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.

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