RHI Magnesita (LON:RHIM) Trading Down 1% - Should You Sell?

Key Points

• RHI Magnesita shares fell about 1% to GBX 2,445 (intraday low GBX 2,400) on Thursday, with trading volume of 70,394 shares—about 45% below the average session volume.
• Analysts maintain a Moderate Buy consensus: Royal Bank of Canada reiterated a Buy with a GBX 2,850 target, while the average analyst price target is GBX 3,483.75.
• The company has high leverage (debt-to-equity 180.59), a market cap of £1.16 billion and is trading below both its 50‑day (GBX 2,809.31) and 200‑day (GBX 2,501.55) moving averages.

RHI Magnesita (LON:RHIM - Get Free Report)'s share price traded down 1% on Thursday . The company traded as low as GBX 2,400 and last traded at GBX 2,445. 70,394 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 128,519 shares. The stock had previously closed at GBX 2,470.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed a "buy" rating and set a GBX 2,850 price objective on shares of RHI Magnesita in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 3,483.75.

RHI Magnesita Stock Down 1.0%

The company has a debt-to-equity ratio of 180.59, a current ratio of 1.46 and a quick ratio of 0.93. The firm's 50-day simple moving average is GBX 2,809.31 and its two-hundred day simple moving average is GBX 2,501.55. The company has a market capitalization of £1.16 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34.

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 over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices.

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