RHI Magnesita (LON:RHIM) Trading 1.1% Higher – Time to Buy?

RHI Magnesita (LON:RHIM) shares were up 1.1% during mid-day trading on Friday . The company traded as high as GBX 2,820 and last traded at GBX 2,800. Approximately 593,159 shares changed hands during mid-day trading, an increase of 424% from the average daily volume of 113,130 shares. The stock had previously closed at GBX 2,770.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “hold” rating and set a GBX 2,765 price objective on shares of RHI Magnesita in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,271.67.

RHI Magnesita Price Performance

The stock has a fifty day moving average of GBX 2,888.94 and a two-hundred day moving average of GBX 2,800.25. The stock has a market capitalization of £1.33 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 2.03 and a beta of 1.51. The company has a current ratio of 1.48, a quick ratio of 0.93 and a debt-to-equity ratio of 169.57.

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