Elementis (LON:ELM) Stock Crosses Above 200-Day Moving Average – Here’s Why

Elementis plc (LON:ELM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 147.81 ($1.87) and traded as high as GBX 159.80 ($2.02). Elementis shares last traded at GBX 153 ($1.93), with a volume of 378,092 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 170 ($2.15) price target on shares of Elementis in a research report on Thursday, January 2nd.

Elementis Stock Performance

The stock has a market cap of £1.13 billion, a PE ratio of -32.38, a P/E/G ratio of 3.05 and a beta of 2.02. The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16. The stock has a 50-day simple moving average of GBX 148.81 and a 200-day simple moving average of GBX 147.81.

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.