Ferrexpo (LON:FXPO) Shares Down 1.9% - Time to Sell?

Ferrexpo plc (LON:FXPO - Get Free Report) experienced a decline of 1.9% during trading hours on Thursday. The stock dipped to a low of GBX 97 ($1.22) before recovering slightly to last trade at GBX 97.40 ($1.23). A total of 6,859,553 shares exchanged hands, marking an increase of 101% in volume compared to the average trading session of 3,407,953 shares. In the previous session, the stock had closed at GBX 99.30 ($1.25).

Ferrexpo Stock Performance

Ferrexpo has a market capitalization of £619.68 million, with a PE ratio of -11.21 and a PEG ratio of -0.18. The stock has a beta of 1.26, indicating higher volatility compared to the broader market. Its 50-day moving average stands at GBX 101.44, while its 200-day moving average is at GBX 73.17. Additionally, the company maintains a debt-to-equity ratio of 0.33, a quick ratio of 2.20, and a current ratio of 2.11, suggesting a stable financial position.

Overview of Ferrexpo

Ferrexpo is a Swiss-based iron ore company with operations primarily in Ukraine. It holds a premium listing on the London Stock Exchange within the FTSE 250 index under the ticker symbol FXPO. The company specializes in producing high-grade iron ore pellets, which are an advantageous product for the global steel industry. Ferrexpo’s pellets help steelmakers reduce carbon emissions and enhance productivity when converting iron ore into steel. The company has been serving the global steel sector for over 50 years, having produced 6.1 million tonnes of iron ore pellets in 2022 despite the ongoing conflicts in Ukraine.

Investment Considerations

Investors may be weighing whether to hold or sell Ferrexpo shares given the recent downturn. Market analysts currently hold a "Hold" rating on the stock. It may be useful to compare this with other investment opportunities that are considered more favorable by analysts.

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