Ferrexpo (LON:FXPO) Stock Price Down 8.8% - Should You Sell?

Key Points

• Ferrexpo plc's stock price dropped by 8.8%, trading as low as GBX 49.80 during mid-day trading, amid increased trading volume of over 6 million shares.
• The company's market capitalization stands at £373.44 million, with a negative PE ratio of -6.76 reflecting financial challenges.
• Ferrexpo, a Swiss iron ore company with operations in Ukraine, produces high-grade iron ore pellets essential for the steel industry, emphasizing a commitment to reducing carbon emissions.

Ferrexpo plc (LON:FXPO - Get Free Report)'s stock price dropped 8.8% during trading on Thursday . The company traded as low as GBX 49.80 ($0.67) and last traded at GBX 50.35 ($0.68). Approximately 6,280,750 shares traded hands during mid-day trading, an increase of 57% from the average daily volume of 4,000,588 shares. The stock had previously closed at GBX 55.20 ($0.74).

Ferrexpo Stock Performance

The firm has a market cap of £439.25 million, a PE ratio of -7.95, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The stock has a 50-day moving average price of GBX 49.15 and a 200 day moving average price of GBX 58.90.

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.