RHI Magnesita (LON:RHIM) Trading Down 1.1%

RHI Magnesita (LON:RHIM) shares dropped 1.1% during mid-day trading on Wednesday . The stock traded as low as GBX 2,812 ($35.51) and last traded at GBX 2,856 ($36.07). Approximately 19,015 shares were traded during trading, a decline of 53% from the average daily volume of 40,516 shares. The stock had previously closed at GBX 2,888 ($36.47).

RHI Magnesita Trading Down 0.4 %

The firm has a market capitalization of £1.33 billion, a P/E ratio of 1,129.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. The firm has a 50-day moving average of GBX 2,848.30 and a 200-day moving average of GBX 2,537.88. The company has a debt-to-equity ratio of 129.64, a quick ratio of 0.93 and a current ratio of 2.13.

RHI Magnesita Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be given a €0.55 ($0.59) dividend. The ex-dividend date is Thursday, August 24th. This represents a dividend yield of 1.64%. RHI Magnesita’s dividend payout ratio is currently 5,662.65%.

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.