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

Shares of Elementis plc (LON:ELM) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 147.25 ($1.83) and traded as high as GBX 158.60 ($1.97). Elementis shares last traded at GBX 157.40 ($1.96), with a volume of 552,028 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 170 ($2.11) target price on shares of Elementis in a research report on Thursday, January 2nd.

Elementis Stock Up 0.1 %

The firm has a market capitalization of £927.85 million, a P/E ratio of -3,937.45, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16. The stock has a fifty day moving average of GBX 144.08 and a 200 day moving average of GBX 147.25.

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.