Elementis (LON:ELM) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Elementis plc (LON:ELM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 147.25 ($1.83) and traded as high as GBX 158.60 ($1.97). Elementis shares last traded at GBX 157.40 ($1.95), with a volume of 552,028 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 170 ($2.11) price target on shares of Elementis in a research note on Thursday, January 2nd.

Elementis Trading Down 0.8 %

The firm has a market cap of £920.21 million, a price-to-earnings ratio of -3,905.00, a PEG ratio of 3.05 and a beta of 2.02. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 37.85. The company has a 50-day moving average price of GBX 144.55 and a 200 day moving average price of GBX 147.30.

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.