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

Key Points

• Elementis plc's stock price has surpassed its 200-day moving average, reaching a high of GBX 166.80 ($2.24) and closing at GBX 162 ($2.18).
• JPMorgan Chase & Co. has downgraded Elementis to a "neutral" rating, while one analyst rates it as "Buy" and another as "Hold," contributing to a consensus of "Moderate Buy" with an average target price of GBX 170.
• Company insiders have sold significant shares recently, with insider Luc van Ravenstein selling 41,276 shares, and Ralph Hewins selling 132,625 shares, both at an average price of GBX 153.

Elementis plc (LON:ELM - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 148.18 ($2.00) and traded as high as GBX 166.80 ($2.25). Elementis shares last traded at GBX 162 ($2.19), with a volume of 792,882 shares changing hands.

Wall Street Analysts Forecast Growth

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

Elementis Stock Performance

The business's 50 day moving average is GBX 166.92 and its 200 day moving average is GBX 148.14. The stock has a market capitalization of £951.86 million, a PE ratio of -1,285.94, a PEG ratio of 3.05 and a beta of 2.02. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85.

Insider Activity at Elementis

In related news, insider Trudy Schoolenberg purchased 30,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was bought at an average price of GBX 172 per share, with a total value of £51,600. Company insiders own 1.78% of the company's stock.

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.