Elementis (LON:ELM) Shares Pass Above Two Hundred Day Moving Average of $140.06

Shares of Elementis plc (LON:ELM - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 140.06 ($1.79) and traded as high as GBX 150.40 ($1.93). Elementis shares last traded at GBX 149.40 ($1.91), with a volume of 735,546 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ELM shares. Jefferies Financial Group restated a "buy" rating and issued a GBX 170 ($2.18) target price on shares of Elementis in a research note on Wednesday, March 20th. HSBC raised shares of Elementis to a "buy" rating and set a GBX 170 ($2.18) price objective for the company in a report on Wednesday, March 20th.

Elementis Stock Up 2.4 %

The stock has a market capitalization of £901.35 million, a price-to-earnings ratio of 3,825.00, a price-to-earnings-growth ratio of 3.05 and a beta of 1.94. The firm has a 50 day simple moving average of GBX 146.94 and a 200-day simple moving average of GBX 140.16. The company has a debt-to-equity ratio of 35.51, a current ratio of 2.20 and a quick ratio of 1.16.

Insider Transactions at Elementis

In related news, insider Paul Waterman sold 350,000 shares of Elementis stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of GBX 150 ($1.92), for a total transaction of £525,000 ($672,473.42). In related news, insider Heejae Chae purchased 34,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of GBX 146 ($1.87) per share, with a total value of £49,640 ($63,583.96). Also, insider Paul Waterman sold 350,000 shares of the business's stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of GBX 150 ($1.92), for a total value of £525,000 ($672,473.42). 4.18% of the stock is owned by insiders.

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.