Stefan Borgas Sells 9,464 Shares of RHI Magnesita (LON:RHIM) Stock

RHI Magnesita (LON:RHIM) insider Stefan Borgas sold 9,464 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of GBX 3,235 ($41.88), for a total value of £306,160.40 ($396,375.45).

RHI Magnesita Stock Performance

Shares of LON RHIM traded down GBX 50 ($0.65) during trading on Friday, reaching GBX 3,180 ($41.17). 5,085 shares of the company traded hands, compared to its average volume of 53,019. The firm has a 50 day simple moving average of GBX 3,513.14 and a 200-day simple moving average of GBX 3,329.76. RHI Magnesita has a 52-week low of GBX 3,010 ($38.97) and a 52-week high of GBX 3,885 ($50.30). The stock has a market capitalization of £1.81 billion, a PE ratio of 9.97, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 152.96.

RHI Magnesita Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 22nd will be paid a €1.20 ($1.29) dividend. This is an increase from RHI Magnesita’s previous dividend of $0.60. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, May 22nd. RHI Magnesita’s dividend payout ratio (DPR) is 48.91%.

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.