Elementis (LON:ELM) Shares Up 11.4% - Should You Buy?

Elementis plc (LON:ELM - Get Free Report)'s stock price rose 11.4% during trading on Wednesday . The company traded as high as GBX 151.80 ($2.04) and last traded at GBX 144.80 ($1.95). Approximately 5,028,817 shares changed hands during mid-day trading, an increase of 230% from the average daily volume of 1,524,830 shares. The stock had previously closed at GBX 130 ($1.75).

Elementis Stock Performance

The stock has a market capitalization of £1.05 billion, a price-to-earnings ratio of -30.30, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. 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's 50-day simple moving average is GBX 126.67 and its 200 day simple moving average is GBX 138.94.

Elementis Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 1st were given a $0.03 dividend. The ex-dividend date was Thursday, May 1st. This is a positive change from Elementis's previous dividend of $0.01. This represents a yield of 1.53%. Elementis's payout ratio is -63.65%.

Elementis Company Profile

Elementis plc operates as a specialty chemical company in the United Kingdom, rest of Europe, North America, and internationally. It operates in two segments, Performance Specialties and Personal Care. The Performance Specialties segment engages in the production of rheological modifiers and additives for decorative and industrial coatings; and production and supply of talc for use in plastics, coatings, technical ceramics, and paper sectors.