Insider Selling: RHI Magnesita (LON:RHIM) Insider Sells 9,464 Shares of Stock

RHI Magnesita (LON:RHIM) insider Stefan Borgas sold 9,464 shares of RHI Magnesita stock in a transaction on Thursday, March 27th. The shares were sold at an average price of GBX 3,235 ($41.88), for a total value of £306,160.40 ($396,375.45).

RHI Magnesita Stock Down 1.5 %

Shares of LON:RHIM traded down GBX 50 ($0.65) on Friday, hitting GBX 3,180 ($41.17). 5,085 shares of the company traded hands, compared to its average volume of 53,019. The stock has a 50 day simple moving average of GBX 3,513.14 and a 200-day simple moving average of GBX 3,329.76. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 152.96. The company has a market cap of £1.81 billion, a PE ratio of 9.97, a PEG ratio of 2.03 and a beta of 1.53. RHI Magnesita has a 52 week low of GBX 3,010 ($38.97) and a 52 week high of GBX 3,885 ($50.30).

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 ($1.29) dividend. The ex-dividend date is Thursday, May 22nd. This is a boost from RHI Magnesita’s previous dividend of $0.60. This represents a yield of 3%. RHI Magnesita’s payout ratio is 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.