Elementis (LON:ELM) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Elementis plc shares have exceeded their 200-day moving average, trading as high as GBX 176.40 ($2.37) before closing at GBX 171.80 ($2.31) on Thursday.
• The company has a market capitalization of £1.24 billion and is characterized by a high debt-to-equity ratio of 37.85.
• Insider transactions include the sale of 41,276 shares by Luc van Ravenstein and the purchase of 30,000 shares by Trudy Schoolenberg, indicating mixed signals from insiders regarding the stock's performance.

Elementis plc (LON:ELM - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 146.97 ($1.97) and traded as high as GBX 176.40 ($2.37). Elementis shares last traded at GBX 171.80 ($2.31), with a volume of 1,427,418 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. downgraded Elementis to a "neutral" rating in a research note on Monday.

Elementis Stock Performance

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 firm has a market cap of £1.24 billion, a price-to-earnings ratio of -35.52, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The stock has a fifty day moving average price of GBX 162.93 and a 200 day moving average price of GBX 147.06.

Insiders Place Their Bets

In other Elementis news, insider Luc van Ravenstein sold 41,276 shares of Elementis stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of GBX 153 ($2.06), for a total value of £63,152.28 ($84,825.09). Also, insider Trudy Schoolenberg acquired 30,000 shares of Elementis stock in a transaction on Friday, August 1st. The stock was purchased at an average price of GBX 172 ($2.31) per share, with a total value of £51,600 ($69,308.26). Company 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.