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Johnson Matthey (LON:JMAT) Stock Price Up 29.7% - Still a Buy?

Johnson Matthey logo with Basic Materials background

Shares of Johnson Matthey PLC (LON:JMAT - Get Free Report) shot up 29.7% during mid-day trading on Thursday . The stock traded as high as GBX 1,888 ($25.62) and last traded at GBX 1,801.01 ($24.44). 4,439,258 shares changed hands during mid-day trading, an increase of 61% from the average session volume of 2,754,210 shares. The stock had previously closed at GBX 1,389 ($18.85).

Johnson Matthey Price Performance

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 company has a 50-day moving average of GBX 1,313.40 and a 200-day moving average of GBX 1,377.22. The stock has a market cap of £2.85 billion, a price-to-earnings 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) 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 research analysts predict that Johnson Matthey PLC will post 173.4112903 earnings per share for the current year.

Johnson Matthey Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 16th. Investors 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. This represents a dividend yield of 1.88%. The ex-dividend date was Thursday, April 10th. Johnson Matthey's dividend payout ratio (DPR) is 130.84%.

Insider Buying and Selling at Johnson Matthey

In other Johnson Matthey news, insider Liam Condon purchased 30 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were bought at an average price of GBX 1,200 ($16.28) per share, with a total value of £360 ($488.47). Insiders have purchased 75 shares of company stock valued at $99,927 over the last three months. 0.61% of the stock is 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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