Elementis (LON:ELM) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Shares of Elementis plc (LON:ELM - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 147.69 ($1.86) and traded as high as GBX 162.40 ($2.05). Elementis shares last traded at GBX 161.20 ($2.03), with a volume of 739,835 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 170 ($2.14) price objective on shares of Elementis in a research report on Thursday, January 2nd.

Elementis Stock Down 1.1 %

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 business has a 50-day simple moving average of GBX 147.27 and a 200-day simple moving average of GBX 147.82. The company has a market cap of £1.17 billion, a PE ratio of -33.52, a P/E/G ratio of 3.05 and a beta of 2.02.

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.