RHI Magnesita (LON:RHIM) Shares Down 2%

RHI Magnesita (LON:RHIM)’s share price was down 2% on Tuesday . The stock traded as low as GBX 3,350 ($44.81) and last traded at GBX 3,360 ($44.94). Approximately 11,830 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 24,092 shares. The stock had previously closed at GBX 3,430 ($45.88).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on RHI Magnesita from GBX 4,300 ($57.52) to GBX 4,150 ($55.51) and set a “buy” rating on the stock in a report on Thursday, July 25th.

RHI Magnesita Trading Down 2.0 %

The stock has a market cap of £1.59 billion, a P/E ratio of 1,050.00, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The firm’s 50 day simple moving average is GBX 3,408.66 and its two-hundred day simple moving average is GBX 3,459.61. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 134.00.

RHI Magnesita Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were paid a dividend of €0.60 ($0.67) per share. The ex-dividend date was Thursday, August 29th. This represents a yield of 1.38%. RHI Magnesita’s dividend payout ratio (DPR) is 4,875.00%.

Insiders Place Their Bets

In related news, insider Karl Sevelda sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of GBX 3,562 ($47.65), for a total transaction of £35,620 ($47,645.80). 42.23% of the stock is currently owned by corporate insiders.

About RHI Magnesita

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.