RHI Magnesita (LON:RHIM) Shares Down 0.3% – Here’s Why

RHI Magnesita (LON:RHIM)’s share price traded down 0.3% during mid-day trading on Wednesday . The company traded as low as GBX 3,440 ($42.95) and last traded at GBX 3,450 ($43.08). 11,211 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 16,666 shares. The stock had previously closed at GBX 3,460 ($43.20).

RHI Magnesita Stock Performance

The company has a debt-to-equity ratio of 134.00, a current ratio of 1.91 and a quick ratio of 0.93. The firm has a market capitalization of £1.62 billion, a PE ratio of 1,070.09, a P/E/G ratio of 2.03 and a beta of 1.53. The company’s fifty day simple moving average is GBX 3,220.40 and its 200 day simple moving average is GBX 3,327.52.

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.