Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY - Get Free Report) shares shot up 2.8% during mid-day trading on Monday . The stock traded as high as $22.73 and last traded at $22.57. 54,581 shares were traded during trading, a decline of 34% from the average session volume of 82,300 shares. The stock had previously closed at $21.95.
Analysts Set New Price Targets
Several research firms have issued reports on FSUGY. Citigroup raised shares of Fortescue from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group raised shares of Fortescue from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 8th.
Check Out Our Latest Research Report on FSUGY
Fortescue Trading Down 3.1%
The company's 50 day moving average price is $20.85 and its two-hundred day moving average price is $21.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.70 and a quick ratio of 1.96.
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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