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

Key Points

• Elementis plc stock price has crossed above its 200-day moving average, indicating a potential shift in market momentum, with the latest trade at GBX 162.39 ($2.18).
• JPMorgan Chase & Co. has downgraded Elementis to a "neutral" rating, but one analyst still rates it as a Buy, with an average price target of GBX 170.
• Insider Trudy Schoolenberg purchased 30,000 shares at GBX 172 each, signaling confidence in the company's future performance.

Elementis plc (LON:ELM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 150.11 ($2.02) and traded as high as GBX 164.80 ($2.21). Elementis shares last traded at GBX 162.39 ($2.18), with a volume of 858,885 shares.

Wall Street Analysts Forecast Growth

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

Elementis Stock Performance

The stock has a 50 day simple moving average of GBX 165.16 and a 200 day simple moving average of GBX 150.11. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85. The stock has a market cap of £941.20 million, a P/E ratio of -1,278.13, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02.

Insider Buying and Selling

In related news, insider Trudy Schoolenberg acquired 30,000 shares of the stock in a transaction on Friday, August 1st. The shares were purchased at an average price of GBX 172 per share, for a total transaction of £51,600. 1.77% of the stock is currently owned by company insiders.

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.

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