RHI Magnesita (LON:RHIM) Hits New 1-Year High – Here’s Why

RHI Magnesita (LON:RHIM)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 3,880 ($50.01) and last traded at GBX 3,605 ($46.47), with a volume of 110690 shares. The stock had previously closed at GBX 3,465 ($44.66).

RHI Magnesita Trading Up 10.8 %

The stock has a fifty day moving average of GBX 3,467.23 and a 200 day moving average of GBX 3,322.57. The company has a market capitalization of £2.18 billion, a P/E ratio of 12.04, a PEG ratio of 2.03 and a beta of 1.53. The company has a debt-to-equity ratio of 152.96, a quick ratio of 0.93 and a current ratio of 1.91.

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.