Elementis (LON:ELM) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Elementis plc (LON:ELM) shares crossed 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.

Analysts Set New Price Targets

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

Elementis Trading Down 0.3 %

The firm has a market cap of £1.13 billion, a price-to-earnings ratio of -32.38, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The business has a 50 day moving average of GBX 148.81 and a 200 day moving average of GBX 147.81. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 37.85.

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.