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

Shares of Ferrexpo plc (LON:FXPO) dropped 10.8% during trading 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 changed hands during 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 Trading Down 10.8 %

The firm has a market capitalization of £468.83 million, a price-to-earnings ratio of -8.48, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. The firm’s 50 day moving average is GBX 88.32 and its 200 day moving average is GBX 77.41. The company has a quick ratio of 2.20, a current ratio of 2.11 and a debt-to-equity ratio of 0.33.

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

Ferrexpo Company Profile

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.