RHI Magnesita (LON:RHIM) Insider Stefan Borgas Sells 5,598 Shares

RHI Magnesita (LON:RHIM) 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 ($39.63), for a total transaction of £171,578.70 ($221,821.20).

Stefan Borgas also recently made the following trade(s):

• On Thursday, March 27th, Stefan Borgas sold 9,464 shares of RHI Magnesita stock. The shares were sold at an average price of GBX 3,235 ($41.82), for a total transaction of £306,160.40 ($395,811.76).

RHI Magnesita Price Performance

Shares of RHI Magnesita stock opened at GBX 3,020 ($39.04) on Wednesday. RHI Magnesita has a twelve month low of GBX 3,010 ($38.91) and a twelve month high of GBX 3,885 ($50.23). The company has a debt-to-equity ratio of 152.96, a quick ratio of 0.93 and a current ratio of 1.91. The firm has a market cap of £1.71 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.53. The firm’s 50-day simple moving average is GBX 3,490.74 and its 200-day simple moving average is GBX 3,331.46.

RHI Magnesita Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 22nd will be issued a dividend of €1.20 ($1.29) per share. This represents a yield of 3%. This is an increase from RHI Magnesita’s previous dividend of $0.60. The ex-dividend date is Thursday, May 22nd. RHI Magnesita’s payout ratio is presently 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.