Fortescue (OTCMKTS:FSUGY) Stock Price Up 0.9% - Still a Buy?

Key Points

• Fortescue Ltd. shares rose 0.9% on Monday, trading between $25.60 and $25.93, with a total of 47,345 shares changing hands.
• Recent analyst ratings for Fortescue include one Strong Buy, one Hold, and one Sell, with a consensus rating of Hold.
• The company focuses on iron ore exploration and production, and is involved in green energy initiatives, including green hydrogen and its derivatives.

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY - Get Free Report)'s stock price traded up 0.9% during trading on Monday . The company traded as high as $25.93 and last traded at $25.82. 47,345 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 51,073 shares. The stock had previously closed at $25.60.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank Of Canada downgraded shares of Fortescue from a "moderate buy" rating to a "hold" rating in a report on Tuesday. Macquarie cut Fortescue from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold".

Fortescue Trading Up 1.0%

The business has a 50 day moving average price of $22.85 and a 200 day moving average price of $21.39. 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

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.