Insider Selling: RHI Magnesita (LON:RHIM) Insider Sells 3,740 Shares of Stock

RHI Magnesita (LON:RHIM - Get Free Report) insider Stefan Borgas sold 3,740 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of GBX 2,985 ($38.14), for a total transaction of £111,639 ($142,651.42).

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

• On Monday, March 31st, Stefan Borgas sold 5,598 shares of RHI Magnesita stock. The shares were sold at an average price of GBX 3,065 ($39.16), for a total value of £171,578.70 ($219,241.89).
• On Thursday, March 27th, Stefan Borgas sold 9,464 shares of RHI Magnesita stock. The stock was sold at an average price of GBX 3,235 ($41.34), for a total value of £306,160.40 ($391,209.30).

RHI Magnesita Trading Up 3.3 %

RHIM stock traded up GBX 90 ($1.15) during midday trading on Tuesday, reaching GBX 2,810 ($35.91). The stock had a trading volume of 25,548 shares, compared to its average volume of 72,350. The firm has a market cap of £1.60 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 2.03 and a beta of 1.53. RHI Magnesita has a twelve month low of GBX 2,425 ($30.99) and a twelve month high of GBX 3,885 ($49.64). 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 business has a fifty day simple moving average of GBX 3,412.94 and a two-hundred day simple moving average of GBX 3,311.90.

RHI Magnesita Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 22nd will be given a dividend of €1.20 ($1.32) per share. This is a boost from RHI Magnesita's previous dividend of $0.60. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 3%. RHI Magnesita's payout ratio 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.