Shares of Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $21.16, but opened at $20.55. Fortescue shares last traded at $21.34, with a volume of 4,345 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on FSUGY. The Goldman Sachs Group raised shares of Fortescue from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 8th. Citigroup upgraded shares of Fortescue from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 29th.
Read Our Latest Report on FSUGY
Fortescue Stock Up 0.3%
The company has a quick ratio of 1.96, a current ratio of 2.70 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average of $20.45 and a two-hundred day moving average of $21.20.
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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