Elementis (LON:ELM) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Elementis plc (LON:ELM)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 147.72 ($1.92) and traded as high as GBX 151.40 ($1.96). Elementis shares last traded at GBX 149.40 ($1.94), with a volume of 1,071,841 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 170 ($2.20) target price on shares of Elementis in a research report on Thursday, January 2nd.

Elementis Price Performance

The company has a market capitalization of £1.10 billion, a P/E ratio of -31.70, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The business’s 50-day moving average is GBX 151.38 and its two-hundred day moving average is GBX 147.72. 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.