Elementis (LON:ELM) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Elementis plc's stock price surpassed its 200-day moving average during trading, reaching a recent high of GBX 165 ($2.24).
• JPMorgan Chase & Co. has downgraded Elementis to a "neutral" rating, while the stock currently has an average rating of "Moderate Buy" with a consensus price target of GBX 170.
• Insider activity saw Trudy Schoolenberg purchase 30,000 shares at an average price of GBX 172, indicating confidence in the company's future.

Elementis plc (LON:ELM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 148.52 ($2.02) and traded as high as GBX 165 ($2.24). Elementis shares last traded at GBX 163.95 ($2.23), with a volume of 643,374 shares trading hands.

Analysts Set New Price Targets

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

Elementis Trading Up 0.1%

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 company has a 50-day moving average price of GBX 167.07 and a 200-day moving average price of GBX 148.52. The company has a market capitalization of £955.33 million, a price-to-earnings ratio of -1,290.63, a P/E/G ratio of 3.05 and a beta of 2.02.

Insider Buying and Selling at Elementis

In related news, insider Trudy Schoolenberg bought 30,000 shares of Elementis stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of GBX 172 per share, for a total transaction of £51,600. Insiders own 1.78% 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.

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