RHI Magnesita (LON:RHIM) Hits New 52-Week Low - Time to Sell?

Key Points

• RHI Magnesita's share price reached a new 52-week low of GBX 2,244.80 ($29.85) during trading, reflecting a substantial decline.
• Analysts from Berenberg Bank and Royal Bank of Canada have revised their price targets for the company, with Berenberg lowering it to GBX 4,000 ($53.18) while RBC set it at GBX 3,000 ($39.89).
• The company has a debt-to-equity ratio of 152.96 and a market capitalization of £1.27 billion, raising concerns regarding its financial stability.

Shares of RHI Magnesita (LON:RHIM - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2,244.80 ($30.18) and last traded at GBX 2,255 ($30.32), with a volume of 13732 shares changing hands. The stock had previously closed at GBX 2,265 ($30.45).

Analyst Upgrades and Downgrades

RHIM has been the topic of several recent research reports. Berenberg Bank dropped their price target on RHI Magnesita from GBX 4,400 ($59.16) to GBX 4,000 ($53.78) and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Jefferies Financial Group restated a "hold" rating and issued a GBX 2,885 ($38.79) price target on shares of RHI Magnesita in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada lowered their price objective on RHI Magnesita from GBX 3,200 ($43.02) to GBX 3,000 ($40.33) and set a "sector perform" rating on the stock in a report on Thursday, July 31st.

RHI Magnesita Price Performance

The stock has a fifty day simple moving average of GBX 2,818.38 and a two-hundred day simple moving average of GBX 3,099.19. The company has a market cap of £1.28 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The company has a current ratio of 1.91, a quick ratio of 0.93 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.