RHI Magnesita (LON:RHIM) Insider Sells £306,160.40 in Stock

RHI Magnesita (LON:RHIM) insider Stefan Borgas sold 9,464 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of GBX 3,235 ($41.83), for a total value of £306,160.40 ($395,862.94).

RHI Magnesita Stock Down 1.5 %

Shares of RHIM opened at GBX 3,180 ($41.12) on Monday. The company’s 50-day simple moving average is GBX 3,507.74 and its 200-day simple moving average is GBX 3,333.52. The company has a debt-to-equity ratio of 152.96, a quick ratio of 0.93 and a current ratio of 1.91. RHI Magnesita has a 1 year low of GBX 3,010 ($38.92) and a 1 year high of GBX 3,885 ($50.23). The stock has a market capitalization of £1.81 billion, a PE ratio of 9.97, a P/E/G ratio of 2.03 and a beta of 1.53.

RHI Magnesita Increases Dividend

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