RHI Magnesita (LON:RHIM) Hits New 12-Month Low After Insider Selling

RHI Magnesita (LON:RHIM)’s share price hit a new 52-week low on Tuesday after an insider sold shares in the company. The company traded as low as GBX 3,010 ($39.09) and last traded at GBX 3,025 ($39.28), with a volume of 4372 shares traded. The stock had previously closed at GBX 3,035 ($39.41).

Specifically, insider Stefan Borgas sold 5,598 shares of RHI Magnesita stock in a transaction on Monday, March 31st. The stock was sold at an average price of GBX 3,065 ($39.80), for a total value of £171,578.70 ($222,800.55). Also, insider Stefan Borgas sold 9,464 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of GBX 3,235 ($42.01), for a total value of £306,160.40 ($397,559.28).

RHI Magnesita Stock Down 3.3 %

The stock has a fifty day simple moving average of GBX 3,481.74 and a two-hundred day simple moving average of GBX 3,329.14. The firm has a market cap of £1.65 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 152.96.

RHI Magnesita Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 22nd will be paid a dividend of €1.20 ($1.30) per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 3%. This is a boost from RHI Magnesita’s previous dividend of $0.60. RHI Magnesita’s payout ratio is currently 48.91%.

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.