RHI Magnesita (LON:RHIM) Trading Down 0.6% – Here’s What Happened

RHI Magnesita (LON:RHIM)’s stock price was down 0.6% during trading on Monday . The stock traded as low as GBX 2,645 and last traded at GBX 2,705. Approximately 24,554 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 46,704 shares. The stock had previously closed at GBX 2,720.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 4,200 price target on shares of RHI Magnesita in a research note on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,521.25.

RHI Magnesita Stock Performance

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 stock has a market capitalization of £1.29 billion, a PE ratio of 27.91, a P/E/G ratio of 2.03 and a beta of 1.53. The firm has a 50 day moving average of GBX 2,369.49 and a 200-day moving average of GBX 2,420.98.

RHI Magnesita Company Profile

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.