Elementis (LON:ELM) Downgraded by JPMorgan Chase & Co. to Neutral

Key Points

• Elementis was downgraded to a "neutral" rating by JPMorgan Chase & Co., according to a report released on Monday.
• The company's stock opened at GBX 168.20 and has experienced a 12-month low of GBX 109.60 and a high of GBX 179.60.
• Insider Trudy Schoolenberg purchased 30,000 shares at GBX 172, while insider Ralph Hewins sold 132,625 shares at GBX 153.

JPMorgan Chase & Co. downgraded shares of Elementis (LON:ELM - Free Report) to a neutral rating in a report published on Monday, Marketbeat reports.

Elementis Price Performance

Shares of ELM traded down GBX 2 ($0.03) during trading hours on Monday, reaching GBX 166.40 ($2.26). The stock had a trading volume of 683,613 shares, compared to its average volume of 1,465,420. Elementis has a 12 month low of GBX 109.60 ($1.49) and a 12 month high of GBX 179.60 ($2.44). The stock has a market capitalization of £1.23 billion, a PE ratio of -35.31, a PEG ratio of 3.05 and a beta of 2.02. 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's 50-day moving average is GBX 163.69 and its two-hundred day moving average is GBX 147.35.

Insider Activity

In other news, insider Luc van Ravenstein sold 41,276 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of GBX 153 ($2.08), for a total value of £63,152.28 ($85,758.12). Also, insider Ralph Hewins sold 132,625 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of GBX 153 ($2.08), for a total value of £202,916.25 ($275,551.67). 4.16% of the stock is owned by corporate insiders.

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.