Johnson Matthey (LON:JMAT) Trading Up 29.9% - What's Next?

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s stock price shot up 29.9% during mid-day trading on Thursday . The company traded as high as GBX 1,888 ($25.62) and last traded at GBX 1,804 ($24.48). 3,118,679 shares changed hands during trading, an increase of 14% from the average session volume of 2,740,734 shares. The stock had previously closed at GBX 1,389 ($18.85).

Johnson Matthey Trading Down 1.5%

The stock's 50-day simple moving average is GBX 1,313.40 and its two-hundred day simple moving average is GBX 1,377.22. The company has a debt-to-equity ratio of 62.73, a current ratio of 1.45 and a quick ratio of 0.76. The firm has a market capitalization of £2.85 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT - Get Free Report) last issued its 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 return on equity of 4.49% and a net margin of 0.84%. Equities research analysts expect that Johnson Matthey PLC will post 173.4112903 EPS for the current year.

Johnson Matthey Increases Dividend

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

Insiders Place Their Bets

In related news, insider Liam Condon acquired 30 shares of Johnson Matthey stock in a transaction on Wednesday, April 16th. The shares were bought at an average cost of GBX 1,200 ($16.28) per share, with a total value of £360 ($488.47). Insiders have purchased a total of 75 shares of company stock worth $99,927 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Johnson Matthey Company Profile

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.