Insider Selling: RHI Magnesita (LON:RHIM) Insider Sells 5,598 Shares of Stock

RHI Magnesita (LON:RHIM - Get Free Report) insider Stefan Borgas sold 5,598 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of GBX 3,065 ($39.52), for a total value of £171,578.70 ($221,249.13).

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

• On Wednesday, April 2nd, Stefan Borgas sold 3,740 shares of RHI Magnesita stock. The shares were sold at an average price of GBX 2,985 ($38.49), for a total transaction of £111,639 ($143,957.45).
• 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 ($41.72), for a total transaction of £306,160.40 ($394,790.97).

RHI Magnesita Stock Performance

Shares of RHIM traded down GBX 240 ($3.09) during midday trading on Friday, reaching GBX 2,625 ($33.85). The stock had a trading volume of 1,555,305 shares, compared to its average volume of 73,402. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 152.96. The firm has a 50 day simple moving average of GBX 3,454.34 and a 200-day simple moving average of GBX 3,322.25. The firm has a market cap of £1.49 billion, a PE ratio of 8.23, a P/E/G ratio of 2.03 and a beta of 1.53. RHI Magnesita has a one year low of GBX 2,579.50 ($33.26) and a one year high of GBX 3,885 ($50.10).

RHI Magnesita Increases Dividend

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