Elementis (LON:ELM) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Elementis plc (LON:ELMGet Free Report)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 152.75 ($2.04) and traded as high as GBX 170.40 ($2.27). Elementis shares last traded at GBX 170 ($2.27), with a volume of 1,082,112 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ELM shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 200 price objective on shares of Elementis in a report on Thursday. JPMorgan Chase & Co. lowered shares of Elementis to a “neutral” rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 185.

Check Out Our Latest Analysis on ELM

Elementis Stock Performance

The stock has a market capitalization of £979.17 million, a price-to-earnings ratio of -13.30, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85. The firm’s fifty day moving average price is GBX 163.83 and its 200 day moving average price is GBX 152.75.

Insider Transactions at Elementis

In other Elementis news, insider Trudy Schoolenberg bought 30,000 shares of Elementis stock in a transaction on Friday, August 1st. The shares were bought at an average cost of GBX 172 per share, for a total transaction of £51,600. 1.77% of the stock is currently owned by company insiders.

About Elementis

(Get Free Report)

Elementis is a global specialty chemicals company. We offer performance-driven additives that help create innovative formulations for consumer and industrial applications. As a FTSE 250 company, listed on the London Stock Exchange, we employ c.1,030 people globally. We have a nearly 200-year tradition of creating ingredients that add value to everyday consumer and industrial products.

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