Elementis (LON:ELM) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Elementis plc (LON:ELM) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 146.96 ($1.83) and traded as high as GBX 159.60 ($1.99). Elementis shares last traded at GBX 156.60 ($1.95), with a volume of 5,512,400 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 170 ($2.12) target price on shares of Elementis in a research note on Thursday, January 2nd.

Elementis Trading Down 0.9 %

The company has a 50-day moving average price of GBX 141.38 and a 200-day moving average price of GBX 146.96. The firm has a market capitalization of £922.56 million, a price-to-earnings ratio of -3,915.00, a PEG ratio of 3.05 and a beta of 2.02. The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04.

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.