Ferrexpo (LON:FXPO) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Ferrexpo plc (LON:FXPO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 61.12 and traded as high as GBX 73.15. Ferrexpo shares last traded at GBX 70.80, with a volume of 1,135,056 shares.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reissued a “hold” rating and issued a GBX 53 target price on shares of Ferrexpo in a report on Monday, November 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ferrexpo has a consensus rating of “Hold” and a consensus target price of GBX 53.

Ferrexpo Stock Performance

The stock has a market cap of £416.58 million, a price-to-earnings ratio of -1.38, a price-to-earnings-growth ratio of -0.18 and a beta of 1.26. 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 stock’s 50-day moving average is GBX 72.91 and its 200-day moving average is GBX 61.12.

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.