Ferrexpo (LON:FXPO) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Ferrexpo plc (LON:FXPO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 53.37 and traded as high as GBX 82.35. Ferrexpo shares last traded at GBX 77.90, with a volume of 4,897,565 shares.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “hold” rating and issued a GBX 53 price target on shares of Ferrexpo in a research note on Monday, November 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 53.

Ferrexpo Stock Performance

The stock’s 50-day moving average is GBX 56.77 and its 200-day moving average is GBX 53.37. The firm has a market capitalization of £458.36 million, a price-to-earnings ratio of -1.52, a PEG 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.

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.