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Johnson Matthey (LON:JMAT) Shares Up 30.4% - Time to Buy?

Johnson Matthey logo with Basic Materials background

Johnson Matthey PLC (LON:JMAT - Get Free Report) shot up 30.4% during mid-day trading on Thursday . The stock traded as high as GBX 1,888 ($25.56) and last traded at GBX 1,811 ($24.52). 4,275,197 shares traded hands during trading, an increase of 55% from the average session volume of 2,752,536 shares. The stock had previously closed at GBX 1,389 ($18.80).

Johnson Matthey Price Performance

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 firm has a market cap of £2.89 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The company's 50-day moving average is GBX 1,307.66 and its 200-day moving average is GBX 1,376.55.

Johnson Matthey (LON:JMAT - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported GBX 149.20 ($2.02) earnings per share (EPS) for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. Equities research analysts predict that Johnson Matthey PLC will post 173.4112903 earnings per share for the current year.

Johnson Matthey Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 16th. Investors of record on Thursday, April 10th were given a dividend of GBX 32 ($0.43) per share. This is a positive change from Johnson Matthey's previous dividend of $22.00. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 1.88%. Johnson Matthey's dividend payout ratio (DPR) is currently 130.84%.

Insider Buying and Selling at Johnson Matthey

In related news, insider Liam Condon bought 27 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of GBX 1,445 ($19.56) per share, for a total transaction of £390.15 ($528.16). Insiders have purchased 75 shares of company stock worth $99,927 over the last quarter. Corporate insiders own 0.61% of the company's stock.

Johnson Matthey Company Profile

(Get Free Report)

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.

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