Elementis (LON:ELM) Reaches New 52-Week Low - What's Next?

Elementis plc (LON:ELM - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 110.20 ($1.44) and last traded at GBX 116 ($1.52), with a volume of 16772002 shares changing hands. The stock had previously closed at GBX 121.80 ($1.59).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 170 ($2.23) target price on shares of Elementis in a research note on Thursday, January 2nd.

Elementis Stock Down 2.0 %

The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 37.85. The firm has a fifty day simple moving average of GBX 143.72 and a 200-day simple moving average of GBX 143.21. The company has a market capitalization of £882.94 million, a P/E ratio of -25.38, a P/E/G ratio of 3.05 and a beta of 2.02.

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 paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 1.53%. This is a positive change from Elementis's previous dividend of $0.01. Elementis's payout ratio is presently -63.65%.

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.