Elementis (LON:ELM) Shares Up 11.4% - Here's What Happened

Shares of Elementis plc (LON:ELM - Get Free Report) shot up 11.4% during mid-day trading on Tuesday . The company 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 mid-day 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 Price 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 £1.05 billion, a PE 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 126.67 and a 200-day simple moving average of GBX 138.94.

Elementis Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 1st were paid a $0.03 dividend. This represents a yield of 1.53%. The ex-dividend date of this dividend was Thursday, May 1st. This is a positive change from Elementis's previous dividend of $0.01. Elementis's dividend payout ratio is presently -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.