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Fortescue (OTCMKTS:FSUGY) Stock Price Down 2.5% - What's Next?

Fortescue logo with Basic Materials background

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

(Get Free Report)

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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