Elementis (LON:ELM) Share Price Passes Above 200 Day Moving Average - Here's Why

Elementis plc (LON:ELM - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 147.86 ($1.91) and traded as high as GBX 151.20 ($1.95). Elementis shares last traded at GBX 148.40 ($1.92), with a volume of 680,944 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 170 ($2.20) target price on shares of Elementis in a research note on Thursday, January 2nd.

Elementis Stock Performance

The company has a 50-day simple moving average of GBX 150.77 and a two-hundred day simple moving average of GBX 147.93. The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04. The firm has a market capitalization of £1.14 billion, a P/E ratio of -32.63, a PEG 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.