RHI Magnesita (LON:RHIM) Shares Down 1.5% – Here’s Why

RHI Magnesita (LON:RHIM) was down 1.5% during trading on Monday . The company traded as low as GBX 3,025 ($40.40) and last traded at GBX 3,035 ($40.54). Approximately 67,862 shares were traded during trading, an increase of 19% from the average daily volume of 57,214 shares. The stock had previously closed at GBX 3,080 ($41.14).

RHI Magnesita Stock Performance

The stock’s 50-day moving average is GBX 3,095.88 and its 200-day moving average is GBX 3,257.03. The stock has a market cap of £1.72 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a current ratio of 1.91, a quick ratio of 0.93 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. Investors of record on Thursday, May 22nd will be given a dividend of €1.20 ($1.35) per share. This represents a 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 dividend payout ratio is 48.91%.

Insider Buying and Selling

In related news, insider Stefan Borgas sold 3,740 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of GBX 2,985 ($39.87), for a total transaction of £111,639 ($149,110.46). In the last quarter, insiders sold 18,802 shares of company stock valued at $58,937,810. 42.23% of the stock is currently owned by corporate insiders.

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.