RHI Magnesita (LON:RHIM) Shares Down 0.6% - Here's What Happened

Shares of RHI Magnesita (LON:RHIM - Get Free Report) dropped 0.6% on Monday . The stock traded as low as GBX 3,095 ($41.06) and last traded at GBX 3,100 ($41.12). Approximately 9,487 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 64,079 shares. The stock had previously closed at GBX 3,120 ($41.39).

RHI Magnesita Price 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 firm has a market capitalization of £1.80 billion, a PE ratio of 9.92, a P/E/G ratio of 2.03 and a beta of 1.53. The business's 50 day moving average is GBX 3,182.31 and its two-hundred day moving average is GBX 3,269.07.

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 issued a dividend of €1.20 ($1.36) per share. This is an increase from RHI Magnesita's previous dividend of $0.60. This represents a dividend yield of 3%. The ex-dividend date is Thursday, May 22nd. 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 business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of GBX 2,985 ($39.60), for a total value of £111,639 ($148,101.62). Over the last ninety days, insiders sold 18,802 shares of company stock worth $58,937,810. Corporate 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.