Elementis (OTCMKTS:ELMTY) Sets New 12-Month High – Time to Buy?

Elementis plc (OTCMKTS:ELMTY)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $8.76 and last traded at $8.76, with a volume of 0 shares trading hands. The stock had previously closed at $8.76.

Analyst Upgrades and Downgrades

ELMTY has been the subject of a number of research analyst reports. Berenberg Bank upgraded Elementis to a “strong-buy” rating in a report on Monday, August 5th. Barclays upgraded shares of Elementis to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Elementis Stock Performance

The company has a current ratio of 2.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average price is $8.51 and its 200-day moving average price is $7.85.

Elementis Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, August 16th will be issued 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.