RHI Magnesita (LON:RHIM) Trading 2.7% Higher – Here’s Why

Shares of RHI Magnesita (LON:RHIM) traded up 2.7% during trading on Monday . The company traded as high as GBX 3,256.60 ($42.23) and last traded at GBX 3,230 ($41.89). 9,209 shares changed hands during trading, a decline of 61% from the average session volume of 23,750 shares. The stock had previously closed at GBX 3,145 ($40.79).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their target price on RHI Magnesita from GBX 4,300 ($55.76) to GBX 4,150 ($53.82) and set a “buy” rating for the company in a research note on Thursday, July 25th.

RHI Magnesita Stock Performance

The company has a market capitalization of £1.51 billion, a PE ratio of 1,000.00, a P/E/G ratio of 2.03 and a beta of 1.53. The stock has a 50-day simple moving average of GBX 3,312.97 and a 200 day simple moving average of GBX 3,435.29. The company has a debt-to-equity ratio of 134.00, a current ratio of 1.91 and a quick ratio of 0.93.

Insider Buying and Selling

In related news, insider Karl Sevelda acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average price of GBX 3,390 ($43.96) per share, with a total value of £33,900 ($43,963.17). Insiders own 42.23% of the company’s stock.

RHI Magnesita Company Profile

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.