RHI Magnesita (LON:RHIM) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of RHI Magnesita (LON:RHIM) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 2,797.40 and traded as high as GBX 2,804.90. RHI Magnesita shares last traded at GBX 2,800, with a volume of 14,707 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 4,000 price objective on shares of RHI Magnesita in a research note on Wednesday, September 30th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, RHI Magnesita presently has an average rating of “Moderate Buy” and an average price target of GBX 3,453.75.

RHI Magnesita Stock Up 3.1%

The firm has a 50-day simple moving average of GBX 2,799.25 and a 200 day simple moving average of GBX 2,798.30. The company has a market capitalization of £1.35 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 2.03 and a beta of 1.41. The company has a debt-to-equity ratio of 169.57, a current ratio of 1.48 and a quick ratio of 0.93.

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 over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices.