Elementis (LON:ELM) Shares Cross Above Two Hundred Day Moving Average of $147.87

Elementis plc (LON:ELM) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 147.87 ($1.95) and traded as high as GBX 163.60 ($2.16). Elementis shares last traded at GBX 158.80 ($2.10), with a volume of 685,328 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 170 ($2.25) target price on shares of Elementis in a report on Friday, July 12th.

Elementis Price Performance

The stock has a market cap of £939.06 million, a price-to-earnings ratio of -3,970.00, a price-to-earnings-growth ratio of 3.05 and a beta of 2.01. The stock has a fifty day simple moving average of GBX 154.89 and a 200-day simple moving average of GBX 147.87. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85.

Elementis Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.01 per share. This represents a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, August 15th. Elementis’s payout ratio is presently -7,500.00%.

Elementis Company Profile

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.