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

Ferrexpo plc (LON:FXPO)’s stock price was down 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 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 Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.11 and a quick ratio of 2.20. The company has a market cap of £468.83 million, a P/E ratio of -8.48, a PEG ratio of -0.18 and a beta of 1.26. The stock has a fifty day moving average price of GBX 88.32 and a two-hundred day moving average price of GBX 77.41.

Ferrexpo (LON:FXPO) last announced its earnings results on Thursday, March 20th. The iron ore producer reported GBX (8.51) (($0.11)) earnings per share (EPS) for the quarter. Ferrexpo had a negative net margin of 6.50% and a negative return on equity of 5.13%. On average, equities 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.