Elementis (LON:ELM) Share Price Passes Above 200-Day Moving Average – Time to Sell?
by Danessa Lincoln · The Markets DailyElementis plc (LON:ELM – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 164.86 and traded as high as GBX 176.60. Elementis shares last traded at GBX 167.86, with a volume of 326,370 shares trading hands.
Analyst Upgrades and Downgrades
Separately, UBS Group reissued a “buy” rating and set a GBX 190 price objective on shares of Elementis in a report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Elementis currently has an average rating of “Moderate Buy” and an average target price of GBX 195.
View Our Latest Analysis on ELM
Elementis Price Performance
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 firm has a market capitalization of £948.12 million, a price-to-earnings ratio of -13.03, a P/E/G ratio of 3.05 and a beta of 2.02. The company has a fifty day moving average price of GBX 167.72 and a two-hundred day moving average price of GBX 164.85.
About Elementis
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. In 2024 Elementis reported revenue of $738m and adjusted operating profit of $129m.