Elementis (LON:ELM) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Elementis plc (LON:ELM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 146.62 ($1.81) and traded as high as GBX 159.80 ($1.97). Elementis shares last traded at GBX 156 ($1.92), with a volume of 1,581,148 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 170 ($2.10) price target on shares of Elementis in a report on Thursday, January 2nd.

Elementis Price Performance

The company has a market capitalization of £919.03 million, a P/E ratio of -3,900.00, a PEG ratio of 3.05 and a beta of 2.02. The stock’s fifty day simple moving average is GBX 138.94 and its 200-day simple moving average is GBX 146.62. The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16.

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.