Johnson Matthey (LON:JMAT) Stock Price Up 32.5% - Still a Buy?

Johnson Matthey PLC (LON:JMAT - Get Free Report) rose 32.5% during mid-day trading on Thursday . The stock traded as high as GBX 1,888 ($25.62) and last traded at GBX 1,841 ($24.98). Approximately 4,587,394 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 2,755,721 shares. The stock had previously closed at GBX 1,389 ($18.85).

Johnson Matthey Trading Down 1.5%

The firm has a fifty day moving average of GBX 1,313.40 and a 200-day moving average of GBX 1,377.22. The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45. The stock has a market capitalization of £2.85 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT - Get Free Report) last posted 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%. As a group, equities analysts predict that Johnson Matthey PLC will post 173.4112903 earnings per share for the current fiscal year.

Johnson Matthey Increases Dividend

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

Insider Buying and Selling

In other news, insider Liam Condon bought 30 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was bought at an average price of GBX 1,200 ($16.28) per share, for a total transaction of £360 ($488.47). Insiders have bought 75 shares of company stock valued at $99,927 in the last quarter. 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.