Johnson Matthey (LON:JMAT) Trading 32% Higher - Should You Buy?

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s share price rose 32% on Thursday . The company traded as high as GBX 1,888 ($25.56) and last traded at GBX 1,833 ($24.81). Approximately 4,525,127 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 2,755,086 shares. The stock had previously closed at GBX 1,389 ($18.80).

Johnson Matthey Price Performance

The stock has a market capitalization of £2.89 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. The business's 50 day simple moving average is GBX 1,307.66 and its two-hundred day simple moving average is GBX 1,376.55. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73.

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

Johnson Matthey Increases Dividend

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

Insiders Place Their Bets

In other news, insider Liam Condon acquired 27 shares of Johnson Matthey 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, with a total value of £390.15 ($528.16). Over the last 90 days, insiders have purchased 75 shares of company stock valued at $99,927. Company insiders own 0.61% of the company's stock.

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.