Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $20.11, but opened at $19.42. Fortescue shares last traded at $19.42, with a volume of 500 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on FSUGY. The Goldman Sachs Group upgraded Fortescue from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 8th. Citigroup upgraded shares of Fortescue from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 29th.
Get Our Latest Analysis on FSUGY
Fortescue Stock Up 1.0%
The company has a 50-day simple moving average of $20.39 and a 200-day simple moving average of $21.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.96 and a current ratio of 2.70.
Fortescue Company Profile
(
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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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