RHI Magnesita (LON:RHIM) Trading 0.4% Higher – Here’s Why

RHI Magnesita (LON:RHIM)’s stock price shot up 0.4% during mid-day trading on Monday . The stock traded as high as GBX 2,555 and last traded at GBX 2,530. 11,929 shares were traded during mid-day trading, a decline of 74% from the average session volume of 46,745 shares. The stock had previously closed at GBX 2,520.54.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 4,200 price objective on shares of RHI Magnesita in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 3,521.25.

RHI Magnesita Trading Up 0.8%

The company has a debt-to-equity ratio of 152.96, a quick ratio of 0.93 and a current ratio of 1.91. The business has a 50-day moving average of GBX 2,195.09 and a 200-day moving average of GBX 2,446.35. The stock has a market capitalization of £1.19 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 2.03 and a beta of 1.53.

About RHI Magnesita

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with around 22,000 employees in 47 main production sites, 9 recycling facilities and more than 70 sales offices.