RHI Magnesita (LON:RHIM) Insider Stefan Borgas Sells 9,464 Shares

RHI Magnesita (LON:RHIM) insider Stefan Borgas sold 9,464 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of GBX 3,235 ($41.87), for a total transaction of £306,160.40 ($396,272.84).

RHI Magnesita Stock Performance

LON RHIM opened at GBX 3,180 ($41.16) on Friday. The company has a debt-to-equity ratio of 152.96, a current ratio of 1.91 and a quick ratio of 0.93. RHI Magnesita has a 1-year low of GBX 3,010 ($38.96) and a 1-year high of GBX 3,885 ($50.28). The company has a market cap of £1.81 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The stock’s 50 day simple moving average is GBX 3,507.74 and its 200-day simple moving average is GBX 3,330.31.

RHI Magnesita Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 22nd will be issued a €1.20 ($1.30) dividend. This represents a yield of 3%. This is a positive change from RHI Magnesita’s previous dividend of $0.60. The ex-dividend date of this dividend is Thursday, May 22nd. RHI Magnesita’s payout ratio is presently 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.