RHI Magnesita (LON:RHIM) Shares Down 0.6% - Time to Sell?

RHI Magnesita (LON:RHIM - Get Free Report)'s share price traded down 0.6% during trading on Monday . The company traded as low as GBX 3,095 ($41.12) and last traded at GBX 3,100 ($41.19). 9,487 shares changed hands during trading, a decline of 85% from the average session volume of 64,079 shares. The stock had previously closed at GBX 3,120 ($41.45).

RHI Magnesita Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 152.96. The firm has a market cap of £1.78 billion, a P/E ratio of 9.83, a PEG ratio of 2.03 and a beta of 1.53. The business has a fifty day moving average of GBX 3,193.21 and a 200 day moving average of GBX 3,270.58.

RHI Magnesita Increases Dividend

The company 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 represents a dividend yield of 3%. The ex-dividend date is Thursday, May 22nd. This is a boost from RHI Magnesita's previous dividend of $0.60. RHI Magnesita's payout ratio is currently 48.91%.

Insider Activity

In related news, insider Stefan Borgas sold 5,598 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of GBX 3,065 ($40.72), for a total transaction of £171,578.70 ($227,950.98). 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.

About RHI Magnesita

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.