Elementis (LON:ELM) Hits New 1-Year High at $168.40

Elementis plc (LON:ELM)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 168.40 ($2.22) and last traded at GBX 166.50 ($2.20), with a volume of 28063 shares trading hands. The stock had previously closed at GBX 166.20 ($2.19).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 170 ($2.24) price target on shares of Elementis in a research report on Friday, July 12th.

Elementis Stock Down 0.5 %

The stock has a 50 day moving average price of GBX 151.30 and a 200 day moving average price of GBX 145.59. The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04. The company has a market capitalization of £974.41 million, a P/E ratio of -3,300.00, a PEG ratio of 3.05 and a beta of 2.00.

Elementis Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 15th will be paid a $0.01 dividend. This represents a yield of 0.54%. The ex-dividend date is Thursday, August 15th. Elementis’s payout ratio is -6,000.00%.

Insider Activity

In related news, insider Paul Waterman sold 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of GBX 150 ($1.98), for a total value of £525,000 ($692,338.12). Insiders own 4.16% of the company’s stock.

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.