RHI Magnesita (LON:RHIM) Sets New 52-Week Low - Should You Sell?

Key Points

• RHI Magnesita's stock reached a new 52-week low at GBX 2,195 ($29.77) amidst a trading volume of 3,515 shares.
• Equities analysts have significantly reduced their price targets for RHI Magnesita, with Berenberg Bank decreasing its target to GBX 4,000 ($54.24) and Royal Bank of Canada to GBX 3,000 ($40.68).
• The company has a high debt-to-equity ratio of 152.96 and a market capitalization of approximately £1.25 billion.

RHI Magnesita (LON:RHIM - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 2,195 ($29.67) and last traded at GBX 2,200 ($29.74), with a volume of 3515 shares changing hands. The stock had previously closed at GBX 2,200 ($29.74).

Analysts Set New Price Targets

Several brokerages have commented on RHIM. Royal Bank Of Canada cut their price target on shares of RHI Magnesita from GBX 3,200 to GBX 3,000 and set a "sector perform" rating for the company in a report on Thursday, July 31st. Jefferies Financial Group reissued a "hold" rating and issued a GBX 2,885 price target on shares of RHI Magnesita in a report on Thursday, July 31st. Finally, Berenberg Bank cut their price target on shares of RHI Magnesita from GBX 4,400 to GBX 4,000 and set a "buy" rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, RHI Magnesita has a consensus rating of "Hold" and an average price target of GBX 3,295.

RHI Magnesita Trading Up 2.3%

The firm has a market capitalization of £1.29 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The firm's 50-day simple moving average is GBX 2,692.27 and its 200-day simple moving average is GBX 3,018.18. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 152.96.

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.