RHI Magnesita (LON:RHIM) Trading 1% Higher – What’s Next?

RHI Magnesita (LON:RHIM)’s share price rose 1% during mid-day trading on Tuesday . The company traded as high as GBX 3,180 ($40.31) and last traded at GBX 3,175 ($40.25). Approximately 12,641 shares changed hands during trading, a decline of 45% from the average daily volume of 22,851 shares. The stock had previously closed at GBX 3,145 ($39.87).

RHI Magnesita Stock Performance

The firm has a fifty day simple moving average of GBX 3,214.21 and a 200 day simple moving average of GBX 3,343. The company has a debt-to-equity ratio of 134.00, a current ratio of 1.91 and a quick ratio of 0.93. The company has a market cap of £1.47 billion, a price-to-earnings ratio of 979.75, a P/E/G ratio of 2.03 and a beta of 1.53.

Insiders Place Their Bets

In related news, insider Karl Sevelda bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of GBX 3,390 ($42.97) per share, for a total transaction of £33,900 ($42,971.23). Company 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.