Ferrexpo (LON:FXPO) Trading Down 10.8% - Here's What Happened

Ferrexpo plc (LON:FXPO - Get Free Report)'s share price traded down 10.8% on Saturday . The stock traded as low as GBX 63.40 ($0.82) and last traded at GBX 63.40 ($0.82). 8,048,919 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 6,153,324 shares. The stock had previously closed at GBX 71.10 ($0.92).

Ferrexpo Trading Up 0.5 %

The business's 50-day simple moving average is GBX 87.05 and its 200-day simple moving average is GBX 77.66. The company has a market cap of £459.22 million, a PE ratio of -8.31, a P/E/G 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 (LON:FXPO - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The iron ore producer reported GBX (8.51) (($0.11)) earnings per share for the quarter. Ferrexpo had a negative return on equity of 5.13% and a negative net margin of 6.50%. As a group, analysts expect that Ferrexpo plc will post 3.7897311 EPS for the current fiscal year.

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.