Insider Selling: RHI Magnesita (LON:RHIM) Insider Sells £35,620 in Stock

RHI Magnesita (LON:RHIM) insider Karl Sevelda sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of GBX 3,562 ($46.28), for a total transaction of £35,620 ($46,283.78).

RHI Magnesita Price Performance

RHIM opened at GBX 3,560 ($46.26) on Thursday. The company has a market capitalization of £1.68 billion, a price-to-earnings ratio of 1,082.07, a PEG ratio of 2.03 and a beta of 1.53. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 134.00. The firm has a 50-day moving average price of GBX 3,509.30 and a 200-day moving average price of GBX 3,508.51. RHI Magnesita has a twelve month low of GBX 2,456 ($31.91) and a twelve month high of GBX 3,827.49 ($49.73).

RHI Magnesita Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 29th will be paid a €0.60 ($0.67) dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 1.38%. RHI Magnesita’s payout ratio is 4,741.64%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price objective on shares of RHI Magnesita from GBX 4,300 ($55.87) to GBX 4,150 ($53.92) and set a “buy” rating for the company in a report on Thursday, July 25th.

About RHI Magnesita

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.