RHI Magnesita (LON:RHIM) Sets New 52-Week Low – Time to Sell?

Shares of RHI Magnesita (LON:RHIM) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 3,010 ($38.89) and last traded at GBX 3,025 ($39.08), with a volume of 4372 shares changing hands. The stock had previously closed at GBX 3,035 ($39.21).

RHI Magnesita Price Performance

The company has a market capitalization of £1.71 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The business’s 50-day moving average is GBX 3,499.54 and its two-hundred day moving average is GBX 3,332.76. 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 firm also recently announced a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 22nd will be paid a €1.20 ($1.30) dividend. This represents a dividend yield of 3%. The ex-dividend date is Thursday, May 22nd. This is an increase from RHI Magnesita’s previous dividend of $0.60. RHI Magnesita’s payout ratio is presently 48.91%.

Insider Activity

In related news, insider Stefan Borgas sold 9,464 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of GBX 3,235 ($41.80), for a total value of £306,160.40 ($395,556.07). 42.23% of the stock is currently owned by corporate insiders.

RHI Magnesita Company Profile

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.