Johnson Matthey (LON:JMAT) Sets New 1-Year Low – Here’s Why

Shares of Johnson Matthey PLC (LON:JMAT) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 1,388 ($17.45) and last traded at GBX 1,405 ($17.66), with a volume of 595327 shares trading hands. The stock had previously closed at GBX 1,493 ($18.77).

Johnson Matthey Stock Down 6.2 %

The stock has a market capitalization of £2.44 billion, a P/E ratio of 2,581.03, a PEG ratio of 49,242.50 and a beta of 0.95. The company has a debt-to-equity ratio of 63.15, a quick ratio of 0.76 and a current ratio of 1.45. The firm’s 50-day simple moving average is GBX 1,521.97 and its 200 day simple moving average is GBX 1,618.77.

Johnson Matthey Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 22 ($0.28) per share. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, December 5th. Johnson Matthey’s dividend payout ratio is currently 13,275.86%.

Insider Buying and Selling at Johnson Matthey

In other news, insider Stephen Oxley sold 19,554 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of GBX 1,526 ($19.18), for a total value of £298,394.04 ($375,102.50). Also, insider Liam Condon purchased 27 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were purchased at an average cost of GBX 1,505 ($18.92) per share, with a total value of £406.35 ($510.81). Insiders bought a total of 72 shares of company stock worth $110,289 over the last quarter. 0.61% of the stock is currently owned by insiders.

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.