Johnson Matthey (LON:JMAT) Reaches New 12-Month Low – Here’s Why

Johnson Matthey PLC (LON:JMAT) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 1,289 ($16.74) and last traded at GBX 1,308 ($16.98), with a volume of 1724131 shares traded. The stock had previously closed at GBX 1,334 ($17.32).

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 ($23.37) price objective on shares of Johnson Matthey in a report on Tuesday, December 17th.

Johnson Matthey Stock Performance

The stock has a market capitalization of £2.18 billion, a PE ratio of 22.19, a P/E/G ratio of 49,242.50 and a beta of 0.95. The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45. The firm’s 50 day moving average is GBX 1,423.49 and its two-hundred day moving average is GBX 1,442.13.

Insiders Place Their Bets

In other news, insider Liam Condon purchased 27 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of GBX 1,445 ($18.76) per share, for a total transaction of £390.15 ($506.62). Insiders acquired a total of 84 shares of company stock worth $119,052 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.