RHI Magnesita (LON:RHIM) Stock Price Down 0.5%

Shares of RHI Magnesita (LON:RHIM) traded down 0.5% on Monday . The company traded as low as GBX 3,045 ($39.82) and last traded at GBX 3,105 ($40.60). 18,993 shares traded hands during trading, a decline of 18% from the average session volume of 23,261 shares. The stock had previously closed at GBX 3,120 ($40.80).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price target on RHI Magnesita from GBX 4,300 ($56.23) to GBX 4,150 ($54.27) and set a “buy” rating for the company in a report on Thursday, July 25th.

RHI Magnesita Price Performance

The company has a debt-to-equity ratio of 134.00, a current ratio of 1.91 and a quick ratio of 0.93. The stock has a fifty day simple moving average of GBX 3,504.07 and a 200-day simple moving average of GBX 3,488.54. The company has a market capitalization of £1.47 billion, a price-to-earnings ratio of 957.35, a P/E/G ratio of 2.03 and a beta of 1.53.

RHI Magnesita Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be paid a €0.60 ($0.66) dividend. This represents a dividend yield of 1.38%. The ex-dividend date is Thursday, August 29th. RHI Magnesita’s dividend payout ratio is currently 4,814.81%.

Insider Buying and Selling

In other RHI Magnesita news, insider Karl Sevelda sold 1,000 shares of RHI Magnesita stock in a transaction on Friday, August 16th. The shares were sold at an average price of GBX 3,562 ($46.58), for a total value of £35,620 ($46,580.36). 42.22% of the stock is currently owned by insiders.

RHI Magnesita Company Profile

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.