Elementis (LON:ELM) Hits New 52-Week Low – What’s Next?

Elementis plc (LON:ELM) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 126 ($1.63) and last traded at GBX 129.20 ($1.67), with a volume of 85473 shares trading hands. The stock had previously closed at GBX 129.40 ($1.67).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 170 ($2.20) price objective on shares of Elementis in a report on Thursday, January 2nd.

Elementis Trading Up 0.3 %

The firm has a market capitalization of £958.18 million, a P/E ratio of -27.54, a PEG ratio of 3.05 and a beta of 2.02. The business’s 50 day moving average is GBX 151.16 and its two-hundred day moving average is GBX 145.71. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 37.85.

Elementis Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.03 per share. This represents a dividend yield of 1.53%. This is an increase from Elementis’s previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, May 1st. Elementis’s payout ratio is -63.65%.

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.