The Goldman Sachs Group upgraded shares of Fortescue (OTCMKTS:FSUGY - Free Report) from a strong sell rating to a hold rating in a research report report published on Tuesday, April 8th,Zacks.com reports.
Fortescue Trading Down 0.1 %
Shares of FSUGY stock traded down $0.02 during trading hours on Tuesday, reaching $19.61. 313,573 shares of the company's stock were exchanged, compared to its average volume of 178,522. The business has a fifty day moving average price of $20.91 and a 200-day moving average price of $23.23. The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27. Fortescue has a fifty-two week low of $16.41 and a fifty-two week high of $36.87.
Fortescue Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 3rd were given a $0.6199 dividend. The ex-dividend date of this dividend was Monday, March 3rd.
About Fortescue
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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.
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