Elementis (OTCMKTS:ELMTY) Upgraded to “Strong-Buy” by Barclays

Barclays upgraded shares of Elementis (OTCMKTS:ELMTY) to a strong-buy rating in a research report released on Wednesday morning, Zacks.com reports.

Separately, Berenberg Bank upgraded Elementis to a strong-buy rating in a report on Monday, August 5th.

Elementis Stock Performance

Shares of ELMTY opened at $8.76 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 2.20. The stock’s 50-day moving average price is $8.31 and its 200-day moving average price is $7.78. Elementis has a 52 week low of $5.85 and a 52 week high of $8.76.

Elementis Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, August 16th will be given a $0.0388 dividend. The ex-dividend date is Friday, August 16th.

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.