RHI Magnesita (LON:RHIM) Shares Down 0.3% - Time to Sell?

Shares of RHI Magnesita (LON:RHIM - Get Free Report) fell 0.3% on Wednesday . The stock traded as low as GBX 2,805 ($38.19) and last traded at GBX 2,870 ($39.07). 11,571 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 51,133 shares. The stock had previously closed at GBX 2,880 ($39.21).

RHI Magnesita Price Performance

The firm has a fifty day moving average of GBX 2,980.43 and a two-hundred day moving average of GBX 3,222.68. The stock has a market capitalization of £1.62 billion, a P/E ratio of 8.93, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a debt-to-equity ratio of 152.96, a current ratio of 1.91 and a quick ratio of 0.93.

Insider Transactions at RHI Magnesita

In other news, insider Stefan Borgas sold 5,598 shares of RHI Magnesita stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of GBX 3,065 ($41.73), for a total value of £171,578.70 ($233,599.32). In the last quarter, insiders sold 18,802 shares of company stock valued at $58,937,810. Company insiders own 42.23% of the company's stock.

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.