Elementis (LON:ELM) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Elementis plc's share price has crossed above its 200-day moving average, trading at GBX 160.80 ($2.13) as of the latest update, with a peak of GBX 169.20 ($2.24).
• Insiders are actively selling off shares, with Luc van Ravenstein and Ralph Hewins selling a total of 173,901 shares at an average price of GBX 153 ($2.03).
• Elementis has a current market cap of £1.27 billion and shows mixed financial indicators, including a PE ratio of -36.37 and a debt-to-equity ratio of 37.85.

Elementis plc (LON:ELM - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 145.67 ($1.93) and traded as high as GBX 169.20 ($2.25). Elementis shares last traded at GBX 160.80 ($2.13), with a volume of 1,008,231 shares trading hands.

Elementis Stock Performance

The business's fifty day simple moving average is GBX 159.16 and its 200-day simple moving average is GBX 146.19. 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 £1.26 billion, a P/E ratio of -36.32, a P/E/G ratio of 3.05 and a beta of 2.02.

Insider Transactions at Elementis

In other Elementis news, insider Trudy Schoolenberg bought 30,000 shares of Elementis stock in a transaction dated Friday, August 1st. The shares were purchased at an average cost of GBX 172 ($2.28) per share, for a total transaction of £51,600 ($68,489.51). Also, insider Ralph Hewins sold 132,625 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of GBX 153 ($2.03), for a total transaction of £202,916.25 ($269,334.02). Insiders own 4.16% of the company's stock.

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.