Elementis (LON:ELM) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

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Elementis plc (LON:ELM - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 147.39 ($1.99) and traded as high as GBX 166.40 ($2.25). Elementis shares last traded at GBX 166.40 ($2.25), with a volume of 414,599 shares traded.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered shares of Elementis to a "neutral" rating in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 170.

Elementis Price Performance

The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16. The company's 50-day simple moving average is GBX 165.49 and its 200-day simple moving average is GBX 147.79. The stock has a market capitalization of £1.24 billion, a P/E ratio of -35.69, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02.

Insiders Place Their Bets

In other news, insider Ralph Hewins sold 132,625 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of GBX 153, for a total value of £202,916.25. Also, insider Luc van Ravenstein sold 41,276 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of GBX 153, for a total transaction of £63,152.28. 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.