Elementis (LON:ELM) Stock Price Up 11.4% - Still a Buy?

Elementis plc (LON:ELM - Get Free Report) shot up 11.4% during mid-day trading on Tuesday . The stock traded as high as GBX 151.80 ($2.04) and last traded at GBX 144.80 ($1.95). 5,028,817 shares changed hands 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 Trading Up 0.1%

The firm has a market cap of £1.05 billion, a PE ratio of -30.30, a PEG ratio of 3.05 and a beta of 2.02. The stock's 50 day simple moving average is GBX 126.67 and its 200 day simple moving average is GBX 138.94. 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 disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 1st were paid a $0.03 dividend. This represents a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, May 1st. This is a boost from Elementis's previous dividend of $0.01. Elementis's dividend payout ratio is -63.65%.

About Elementis

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.