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

Elementis plc (LON:ELM)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 147.86 ($1.89) and traded as high as GBX 151.20 ($1.93). Elementis shares last traded at GBX 148.40 ($1.90), with a volume of 680,944 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 ($2.17) price target on shares of Elementis in a research report on Thursday, January 2nd.

Elementis Stock Performance

The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85. The company has a market cap of £1.14 billion, a price-to-earnings ratio of -32.63, a P/E/G ratio of 3.05 and a beta of 2.02. The stock has a 50 day moving average price of GBX 150.06 and a two-hundred day moving average price of GBX 147.86.

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.