RHI Magnesita (LON:RHIM) Reaches New 12-Month Low - What's Next?

RHI Magnesita (LON:RHIM - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 2,425 ($31.74) and last traded at GBX 2,482.53 ($32.49), with a volume of 160990 shares trading hands. The stock had previously closed at GBX 2,625 ($34.36).

RHI Magnesita Stock Performance

The company has a debt-to-equity ratio of 152.96, a current ratio of 1.91 and a quick ratio of 0.93. The company's 50-day moving average price is GBX 3,365.44 and its two-hundred day moving average price is GBX 3,300.71. The company has a market capitalization of £1.68 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 2.03 and a beta of 1.53.

RHI Magnesita Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 22nd will be paid a €1.20 ($1.36) dividend. The ex-dividend date is Thursday, May 22nd. This represents a dividend yield of 3%. This is a positive change from RHI Magnesita's previous dividend of $0.60. RHI Magnesita's payout ratio is currently 48.91%.

Insider Buying and Selling

In other news, insider Stefan Borgas sold 3,740 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of GBX 2,985 ($39.07), for a total value of £111,639 ($146,124.35). Insiders have sold a total of 18,802 shares of company stock valued at $58,937,810 over the last ninety days. 42.23% of the stock is owned by corporate insiders.

RHI Magnesita Company Profile

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.