RHI Magnesita (LON:RHIM) Hits New 52-Week High – Time to Buy?

RHI Magnesita (LON:RHIM) shares hit a new 52-week high during trading on Thursday . The company traded as high as GBX 3,880 ($50.15) and last traded at GBX 3,605 ($46.59), with a volume of 110690 shares trading hands. The stock had previously closed at GBX 3,465 ($44.78).

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 business has a fifty day moving average of GBX 3,480.33 and a 200 day moving average of GBX 3,326.88. The firm has a market cap of £2.08 billion, a P/E ratio of 11.47, a PEG ratio of 2.03 and a beta of 1.53.

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.