Elementis (LON:ELM) Shares Pass Above 200 Day Moving Average – Time to Sell?

Elementis plc (LON:ELM)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 164.71 and traded as high as GBX 172.60. Elementis shares last traded at GBX 170.60, with a volume of 4,646,569 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 200 price objective on shares of Elementis in a report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 200.

Elementis Stock Up 0.5%

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 market capitalization of £969.41 million, a price-to-earnings ratio of -13.33, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The business has a 50-day moving average price of GBX 163.37 and a 200-day moving average price of GBX 164.76.

Insiders Place Their Bets

In other Elementis news, insider Luc van Ravenstein bought 16,850 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were bought at an average price of GBX 156 per share, for a total transaction of £26,286. 1.81% of the stock is currently owned by company insiders.

Elementis Company Profile

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.