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

RHI Magnesita (LON:RHIM) dropped 0.3% during mid-day trading on Wednesday . The company traded as low as GBX 3,440 ($42.35) and last traded at GBX 3,450 ($42.47). 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 ($42.60).

RHI Magnesita Stock Performance

The company has a market cap of £1.63 billion, a PE ratio of 1,074.77, a PEG ratio of 2.03 and a beta of 1.53. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 134.00. The business’s 50 day moving average is GBX 3,209.90 and its two-hundred day moving average is GBX 3,328.24.

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.