Johnson Matthey (LON:JMAT) Sets New 1-Year Low – Should You Sell?

Shares of Johnson Matthey PLC (LON:JMAT) hit a new 52-week low on Wednesday . The stock traded as low as GBX 1,388 ($17.62) and last traded at GBX 1,405 ($17.83), with a volume of 595327 shares. The stock had previously closed at GBX 1,493 ($18.95).

Johnson Matthey Stock Performance

The firm has a 50-day simple moving average of GBX 1,515.07 and a two-hundred day simple moving average of GBX 1,613.82. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 63.15. The company has a market capitalization of £2.32 billion, a price-to-earnings ratio of 2,301.72, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 4th. Investors of record on Thursday, December 5th will be issued a GBX 22 ($0.28) dividend. The ex-dividend date is Thursday, December 5th. This represents a yield of 1.47%. Johnson Matthey’s dividend payout ratio is currently 13,275.86%.

Insider Buying and Selling at Johnson Matthey

In related news, insider Stephen Oxley purchased 7,407 shares of Johnson Matthey stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of GBX 1,343 ($17.05) per share, with a total value of £99,476.01 ($126,270.64). Also, insider Liam Condon purchased 27 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were bought at an average price of GBX 1,505 ($19.10) per share, with a total value of £406.35 ($515.80). Insiders acquired 7,479 shares of company stock worth $10,057,890 over the last ninety days. 0.61% of the stock is currently owned by insiders.

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.