Johnson Matthey (LON:JMAT) Trading 29% Higher – Still a Buy?

Johnson Matthey PLC (LON:JMAT)’s share price rose 29% during mid-day trading on Friday . The company traded as high as GBX 1,888 ($25.34) and last traded at GBX 1,792.32 ($24.06). Approximately 3,427,063 shares changed hands during trading, an increase of 25% from the average daily volume of 2,743,881 shares. The stock had previously closed at GBX 1,389 ($18.64).

Johnson Matthey Stock Down 2.4%

The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73. The business has a 50-day simple moving average of GBX 1,302.20 and a 200-day simple moving average of GBX 1,375.09. The stock has a market cap of £2.96 billion, a P/E ratio of 30.10, a PEG ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT) last posted its earnings results on Thursday, May 22nd. The company reported GBX 149.20 ($2.00) earnings per share (EPS) for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. Analysts expect that Johnson Matthey PLC will post 173.4112903 EPS for the current year.

Johnson Matthey Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 16th. Stockholders of record on Thursday, April 10th were given a GBX 32 ($0.43) dividend. This is an increase from Johnson Matthey’s previous dividend of $22.00. This represents a dividend yield of 1.88%. The ex-dividend date was Thursday, April 10th. Johnson Matthey’s dividend payout ratio (DPR) is currently 130.84%.

Insider Transactions at Johnson Matthey

In related news, insider Liam Condon bought 30 shares of the business’s stock in a transaction that occurred on Wednesday, April 16th. The stock was purchased at an average cost of GBX 1,200 ($16.11) per share, for a total transaction of £360 ($483.22). Over the last ninety days, insiders have acquired 75 shares of company stock worth $99,927. Company insiders own 0.61% of the company’s stock.

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.