RHI Magnesita (LON:RHIM) Insider Acquires £33,900 in Stock

by · The Cerbat Gem

RHI Magnesita (LON:RHIM – Get Free Report) insider Karl Sevelda bought 1,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was bought at an average cost of GBX 3,390 ($44.37) per share, for a total transaction of £33,900 ($44,365.92).

Karl Sevelda also recently made the following trade(s):

  • On Friday, August 16th, Karl Sevelda sold 1,000 shares of RHI Magnesita stock. The shares were sold at an average price of GBX 3,562 ($46.62), for a total value of £35,620 ($46,616.93).

RHI Magnesita Trading Up 2.1 %

Shares of RHIM stock opened at GBX 3,380 ($44.24) on Thursday. The business’s fifty day moving average price is GBX 3,371.06 and its 200 day moving average price is GBX 3,451.52. RHI Magnesita has a 1-year low of GBX 2,456 ($32.14) and a 1-year high of GBX 3,827.49 ($50.09). The firm has a market capitalization of £1.60 billion, a PE ratio of 1,056.25, a P/E/G ratio of 2.03 and a beta of 1.53. The company has a debt-to-equity ratio of 134.00, a current ratio of 1.91 and a quick ratio of 0.93.

RHI Magnesita Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, August 29th were issued a dividend of €0.60 ($0.66) per share. This represents a yield of 1.38%. The ex-dividend date of this dividend was Thursday, August 29th. RHI Magnesita’s dividend payout ratio is presently 4,875.00%.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on RHI Magnesita from GBX 4,300 ($56.28) to GBX 4,150 ($54.31) and set a “buy” rating on the stock in a report on Thursday, July 25th.

Get Our Latest Report on RHI Magnesita

RHI Magnesita Company Profile

(Get Free Report)

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.

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