Karl Sevelda Sells 1,000 Shares of RHI Magnesita (LON:RHIM) Stock

RHI Magnesita (LON:RHIMGet Free Report) insider Karl Sevelda sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of GBX 3,562 ($46.28), for a total value of £35,620 ($46,283.78).

RHI Magnesita Price Performance

RHI Magnesita stock opened at GBX 3,520 ($45.74) on Wednesday. The stock’s fifty day moving average price is GBX 3,501.50 and its two-hundred day moving average price is GBX 3,508.14. The firm has a market cap of £1.66 billion, a PE ratio of 1,069.91, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The company has a debt-to-equity ratio of 134.00, a current ratio of 1.91 and a quick ratio of 0.93. RHI Magnesita has a one year low of GBX 2,456 ($31.91) and a one year high of GBX 3,827.49 ($49.73).

RHI Magnesita Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, August 29th will be given a €0.60 ($0.67) dividend. This represents a dividend yield of 1.38%. The ex-dividend date is Thursday, August 29th. RHI Magnesita’s payout ratio is currently 4,741.64%.

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price objective on shares of RHI Magnesita from GBX 4,300 ($55.87) to GBX 4,150 ($53.92) and set a “buy” rating for the company in a research note on Thursday, July 25th.

Check Out Our Latest Stock Analysis on RHI Magnesita

RHI Magnesita Company Profile

(Get Free Report)

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.

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