RHI Magnesita (LON:RHIM) Trading Down 0.9% – Should You Sell?

Shares of RHI Magnesita (LON:RHIM) dropped 0.9% during trading on Thursday . The company traded as low as GBX 3,210 ($41.56) and last traded at GBX 3,250 ($42.08). Approximately 877,432 shares traded hands during trading, an increase of 1,191% from the average daily volume of 67,970 shares. The stock had previously closed at GBX 3,280 ($42.47).

RHI Magnesita Stock Performance

The company has a fifty day moving average price of GBX 3,513.14 and a two-hundred day moving average price of GBX 3,329.76. 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 company has a market capitalization of £1.84 billion, a P/E ratio of 10.19, a PEG ratio of 2.03 and a beta of 1.53.

RHI Magnesita Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 22nd will be given a €1.20 ($1.29) dividend. This is a boost from RHI Magnesita’s previous dividend of $0.60. This represents a yield of 3%. The ex-dividend date is Thursday, May 22nd. RHI Magnesita’s dividend payout ratio is 48.91%.

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.