RHI Magnesita (LON:RHIM - Get Free Report) hit a new 52-week low during trading on Tuesday following insider selling activity. The company traded as low as GBX 3,010 ($38.81) and last traded at GBX 3,025 ($39.01), with a volume of 4372 shares. The stock had previously closed at GBX 3,035 ($39.14).
Specifically, insider Stefan Borgas sold 5,598 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of GBX 3,065 ($39.52), for a total value of £171,578.70 ($221,249.13). Also, insider Stefan Borgas sold 9,464 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of GBX 3,235 ($41.72), for a total transaction of £306,160.40 ($394,790.97).
RHI Magnesita Stock Performance
The company has a debt-to-equity ratio of 152.96, a quick ratio of 0.93 and a current ratio of 1.91. The business's 50-day moving average is GBX 3,454.34 and its 200-day moving average is GBX 3,322.25. The company has a market capitalization of £1.49 billion, a PE ratio of 8.23, 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. Shareholders of record on Thursday, May 22nd will be paid a dividend of €1.20 ($1.32) per share. This is a boost from RHI Magnesita's previous dividend of $0.60. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 3%. RHI Magnesita's payout ratio is presently 48.91%.
About RHI Magnesita
(
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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.
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