RHI Magnesita (LON:RHIM) Trading Up 1.2%

Shares of RHI Magnesita (LON:RHIM) were up 1.2% during mid-day trading on Thursday . The stock traded as high as GBX 3,670 ($47.01) and last traded at GBX 3,670 ($47.01). Approximately 19,449 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 18,580 shares. The stock had previously closed at GBX 3,625 ($46.43).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,300 ($55.08) price objective on shares of RHI Magnesita in a report on Wednesday, April 3rd.

RHI Magnesita Price Performance

The company has a debt-to-equity ratio of 148.23, a quick ratio of 0.93 and a current ratio of 2.23. The stock has a market capitalization of £1.73 billion, a price-to-earnings ratio of 1,261.17, a P/E/G ratio of 2.03 and a beta of 1.51. The company has a 50-day moving average of GBX 3,463.37 and a 200-day moving average of GBX 3,463.91.

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.