Elementis (OTCMKTS:ELMTY) Reaches New 52-Week High – What’s Next?

Elementis plc (OTCMKTS:ELMTY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.76 and last traded at $8.76, with a volume of 0 shares traded. The stock had previously closed at $8.76.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ELMTY. Berenberg Bank upgraded Elementis to a “strong-buy” rating in a research note on Monday, August 5th. Barclays raised Elementis to a “strong-buy” rating in a research report on Wednesday, October 2nd.

Elementis Stock Performance

The firm has a 50 day moving average of $8.76 and a 200-day moving average of $8.01. The company has a quick ratio of 1.29, a current ratio of 2.32 and a debt-to-equity ratio of 0.33.

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.