Elementis (LON:ELM) Sets New 1-Year High - Still a Buy?

Key Points

• Elementis plc (LON:ELM) reached a new 52-week high of GBX 174 ($2.31), closing at GBX 172.20 ($2.28) after trading a volume of 1.85 million shares.
• The company has a market capitalization of £1.28 billion and shows a PE ratio of -36.73, indicating potential volatility in earnings.
• Insiders, including Luc van Ravenstein and Ralph Hewins, sold significant shares at an average price of GBX 153 ($2.03) on June 9th, which may indicate a lack of confidence in the stock's immediate future.

Elementis plc (LON:ELM - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as GBX 174 ($2.31) and last traded at GBX 172.20 ($2.29), with a volume of 1850120 shares trading hands. The stock had previously closed at GBX 160.80 ($2.14).

Elementis Stock Up 3.2%

The company's 50 day moving average price is GBX 159.16 and its two-hundred day moving average price is GBX 146.18. 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 stock has a market cap of £1.30 billion, a P/E ratio of -37.47, a P/E/G ratio of 3.05 and a beta of 2.02.

Insider Activity

In other news, insider Ralph Hewins sold 132,625 shares of Elementis stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of GBX 153 ($2.03), for a total transaction of £202,916.25 ($269,441.31). Also, insider Luc van Ravenstein sold 41,276 shares of Elementis stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of GBX 153 ($2.03), for a total transaction of £63,152.28 ($83,856.43). Insiders own 4.16% of the company's stock.

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.