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

Elementis plc (LON:ELM - Get Free Report)'s share price rose 11.4% during trading on Tuesday . The company traded as high as GBX 151.80 ($2.04) and last traded at GBX 144.80 ($1.95). Approximately 5,028,817 shares changed hands during mid-day trading, an increase of 230% from the average daily volume of 1,524,830 shares. The stock had previously closed at GBX 130 ($1.75).

Elementis Trading Up 0.1%

The stock has a fifty day moving average of GBX 126.67 and a 200 day moving average of GBX 138.94. The company has a market capitalization of £1.05 billion, a P/E ratio of -30.30, a PEG ratio of 3.05 and a beta of 2.02. The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04.

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 issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from Elementis's previous dividend of $0.01. This represents a yield of 1.53%. Elementis's dividend payout ratio (DPR) is currently -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.