Elementis (LON:ELM) Trading 11.4% Higher - Here's Why

Elementis plc (LON:ELM - Get Free Report) shares traded up 11.4% during trading on Wednesday . The stock traded as high as GBX 151.80 ($2.04) and last traded at GBX 144.80 ($1.95). 5,028,817 shares were traded during trading, an increase of 230% from the average session volume of 1,524,830 shares. The stock had previously closed at GBX 130 ($1.75).

Elementis Trading Up 0.1%

The firm has a market capitalization of £1.05 billion, a P/E ratio of -30.30, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. The stock has a 50-day simple moving average of GBX 126.59 and a two-hundred day simple moving average of GBX 138.87. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85.

Elementis Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 1st will be paid a $0.03 dividend. The ex-dividend date of this dividend is 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 dividend 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.