Shares of Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY - Get Free Report) were up 0.8% during trading on Wednesday . The company traded as high as $25.41 and last traded at $25.31. Approximately 68,344 shares traded hands during trading, an increase of 40% from the average daily volume of 48,775 shares. The stock had previously closed at $25.10.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on FSUGY shares. Macquarie downgraded Fortescue from a "hold" rating to a "strong sell" rating in a report on Thursday, July 24th. Royal Bank Of Canada downgraded Fortescue from a "moderate buy" rating to a "hold" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Fortescue presently has an average rating of "Hold".
Read Our Latest Analysis on Fortescue
Fortescue Price Performance
The company has a debt-to-equity ratio of 0.26, a current ratio of 2.43 and a quick ratio of 1.84. The firm has a fifty day moving average of $24.62 and a 200-day moving average of $21.70.
Fortescue Dividend Announcement
The business also recently declared a dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 8th will be issued a $0.758 dividend. This represents a yield of 555.0%. The ex-dividend date is Friday, September 5th.
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.
See Also
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