RHI Magnesita (LON:RHIM) Shares Down 0.9% – Here’s What Happened

RHI Magnesita (LON:RHIM) fell 0.9% during trading on Thursday . The company traded as low as GBX 3,210 ($41.56) and last traded at GBX 3,250 ($42.08). 877,432 shares traded hands during mid-day trading, an increase of 1,191% from the average session volume of 67,970 shares. The stock had previously closed at GBX 3,280 ($42.47).

RHI Magnesita Trading Down 0.9 %

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 £1.84 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 2.03 and a beta of 1.53. The firm has a 50 day moving average price of GBX 3,513.14 and a two-hundred day moving average price of GBX 3,329.76.

RHI Magnesita Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 22nd will be issued a €1.20 ($1.29) dividend. The ex-dividend date of this dividend 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 dividend 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.