Fortescue (OTCMKTS:FSUGY) Stock Rating Upgraded by The Goldman Sachs Group

Fortescue (OTCMKTS:FSUGY) was upgraded by stock analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Fortescue Stock Performance

Shares of FSUGY stock traded down $0.42 on Tuesday, hitting $18.24. The stock had a trading volume of 399,244 shares, compared to its average volume of 168,349. The stock’s 50 day moving average is $21.17 and its 200-day moving average is $23.38. Fortescue has a 52-week low of $16.41 and a 52-week high of $36.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.67 and a quick ratio of 2.10.

About Fortescue

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.