Elementis (LON:ELM) Stock Passes Above 200-Day Moving Average of $129.49

Shares of Elementis plc (LON:ELM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 129.49 ($1.61) and traded as high as GBX 145.80 ($1.82). Elementis shares last traded at GBX 140 ($1.74), with a volume of 351,373 shares traded.

Analyst Upgrades and Downgrades

ELM has been the subject of several research reports. HSBC raised shares of Elementis to a “buy” rating and set a GBX 170 ($2.12) price objective for the company in a research note on Wednesday, March 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 170 ($2.12) price target on shares of Elementis in a research report on Wednesday, March 20th. Finally, Berenberg Bank upped their price objective on shares of Elementis from GBX 170 ($2.12) to GBX 180 ($2.24) and gave the company a “buy” rating in a research report on Friday, March 8th.

Elementis Trading Down 0.7 %

The stock has a market cap of £822.96 million, a price-to-earnings ratio of 3,500.00, a price-to-earnings-growth ratio of 3.05 and a beta of 1.94. The firm’s 50 day moving average is GBX 140.58 and its two-hundred day moving average is GBX 129.49. The company has a quick ratio of 1.16, a current ratio of 2.20 and a debt-to-equity ratio of 35.51.

Elementis Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 2nd will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 1.18%. Elementis’s dividend payout ratio (DPR) is 5,000.00%.

Insider Buying and Selling

In other Elementis news, insider Ralph Hewins sold 136,502 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of GBX 144 ($1.79), for a total value of £196,562.88 ($244,694.24). 3.93% of the stock is owned by company insiders.

About Elementis

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.