Ferrexpo (LON:FXPO) Trading Down 7.1% - Time to Sell?

Key Points

• Ferrexpo's stock price decreased by 7.1% during trading, with shares trading as low as GBX 49.80 and closing at GBX 51.30.
• The company has a market capitalization of £402.31 million and negative earnings ratios, indicating financial challenges amid a volatile market environment.
• Ferrexpo, headquartered in Switzerland with operations in Ukraine, produced 6.1 million tonnes of iron ore pellets in 2022, despite ongoing conflicts affecting its operations.

Ferrexpo plc (LON:FXPO - )'s stock price traded down 7.1% during mid-day trading on Friday . 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 stock's 50-day simple moving average is GBX 48.86 and its 200-day simple moving average is GBX 59.62. The stock has a market cap of £402.31 million, a price-to-earnings ratio of -7.28, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

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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