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Johnson Matthey (LON:JMAT) Stock Price Up 32% - Time to Buy?

Johnson Matthey logo with Basic Materials background

Johnson Matthey PLC (LON:JMAT - Get Free Report) shares rose 32% on Thursday . The company traded as high as GBX 1,888 ($25.62) and last traded at GBX 1,833 ($24.87). Approximately 4,525,127 shares were traded 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 ($18.85).

Johnson Matthey Stock Down 1.5%

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 business's fifty 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 market cap of £2.85 billion, a PE ratio of 28.96, a PEG ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT - Get Free Report) last announced 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 net margin of 0.84% and a return on equity of 4.49%. On average, analysts predict that Johnson Matthey PLC will post 173.4112903 earnings per share for the current 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 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 dividend yield of 1.88%. Johnson Matthey's dividend payout ratio (DPR) is 130.84%.

Insider Activity

In related news, insider Liam Condon bought 27 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average price of GBX 1,445 ($19.61) per share, for a total transaction of £390.15 ($529.38). Insiders have purchased a total of 75 shares of company stock worth $99,927 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

About Johnson Matthey

(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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