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Johnson Matthey (LON:JMAT) Trading Up 29% - Time to Buy?

Johnson Matthey logo with Basic Materials background

Johnson Matthey PLC (LON:JMAT - Get Free Report) shares shot up 29% during mid-day trading on Thursday . The company traded as high as GBX 1,888 ($25.51) and last traded at GBX 1,792.32 ($24.22). 3,427,063 shares traded hands during trading, an increase of 25% from the average session volume of 2,743,881 shares. The stock had previously closed at GBX 1,389 ($18.77).

Johnson Matthey Stock Performance

The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73. The firm has a 50 day moving average price of GBX 1,319.16 and a 200 day moving average price of GBX 1,378.49. The stock has a market cap of £2.86 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95.

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, research analysts forecast that Johnson Matthey PLC will post 173.4112903 earnings per share for the current year.

Johnson Matthey Increases Dividend

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

Insider Buying and Selling

In other news, insider Liam Condon bought 30 shares of Johnson Matthey stock in a transaction that occurred on Wednesday, April 16th. The stock was bought at an average price of GBX 1,200 ($16.22) per share, for a total transaction of £360 ($486.49). Insiders have acquired a total of 75 shares of company stock worth $99,927 in the last ninety days. 0.61% of the stock is owned by 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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