Ferrexpo (LON:FXPO) Trading Down 10.8% – Here’s What Happened

Ferrexpo plc (LON:FXPO)’s share price dropped 10.8% on Saturday . The stock traded as low as GBX 63.40 ($0.82) and last traded at GBX 63.40 ($0.82). Approximately 8,048,919 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 6,153,324 shares. The stock had previously closed at GBX 71.10 ($0.92).

Ferrexpo Price Performance

The firm has a market cap of £468.83 million, a price-to-earnings ratio of -8.48, a P/E/G ratio of -0.18 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average price is GBX 88.32 and its 200-day moving average price is GBX 77.41.

Ferrexpo (LON:FXPO) last issued its quarterly earnings data on Thursday, March 20th. The iron ore producer reported GBX (8.51) (($0.11)) earnings per share for the quarter. Ferrexpo had a negative return on equity of 5.13% and a negative net margin of 6.50%. As a group, equities research analysts forecast that Ferrexpo plc will post 3.7897311 earnings per share for the current fiscal year.

About Ferrexpo

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.