Johnson Matthey (LON:JMAT) Trading 30.5% Higher – Here’s What Happened

Johnson Matthey PLC (LON:JMAT) rose 30.5% on Thursday . The stock traded as high as GBX 1,888 ($25.56) and last traded at GBX 1,812 ($24.53). Approximately 4,684,272 shares were traded during trading, an increase of 70% from the average daily volume of 2,756,710 shares. The stock had previously closed at GBX 1,389 ($18.80).

Johnson Matthey Trading Down 4.7%

The stock has a market cap of £2.89 billion, a P/E ratio of 29.40, a P/E/G ratio of 49,242.50 and a beta of 0.95. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73. The company has a 50-day moving average price of GBX 1,307.66 and a two-hundred day moving average price of GBX 1,377.54.

Johnson Matthey (LON:JMAT) last released its earnings results on Thursday, May 22nd. The company reported GBX 149.20 ($2.02) earnings per share for the quarter. Johnson Matthey had a return on equity of 4.49% and a net margin of 0.84%. On average, research analysts expect that Johnson Matthey PLC will post 173.4112903 EPS for the current fiscal year.

Johnson Matthey Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 16th. Stockholders of record on Thursday, April 10th were given a dividend of GBX 32 ($0.43) per share. The ex-dividend date was Thursday, April 10th. This represents a dividend yield of 1.88%. This is an increase from Johnson Matthey’s previous dividend of $22.00. Johnson Matthey’s payout ratio is currently 130.84%.

Insider Activity

In other Johnson Matthey news, insider Liam Condon acquired 27 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of GBX 1,445 ($19.56) per share, for a total transaction of £390.15 ($528.16). In the last 90 days, insiders have purchased 75 shares of company stock valued at $99,927. 0.61% of the stock is currently owned by insiders.

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.