Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY - Get Free Report) shares fell 2.5% during mid-day trading on Thursday . The stock traded as low as $19.44 and last traded at $19.58. 73,988 shares traded hands during trading, a decline of 21% from the average session volume of 93,338 shares. The stock had previously closed at $20.09.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on FSUGY. Citigroup upgraded Fortescue from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 29th. The Goldman Sachs Group upgraded Fortescue from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 8th.
Check Out Our Latest Report on Fortescue
Fortescue Stock Performance
The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.96 and a current ratio of 2.70. The firm has a 50 day moving average of $20.31 and a 200-day moving average of $21.52.
About Fortescue
(
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Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.
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