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

Elementis plc (LON:ELM - Get Free Report)'s share price traded 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 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 Stock Performance

The business's fifty day moving average is GBX 126.67 and its two-hundred day moving average is GBX 138.94. 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 company has a market capitalization 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.

Elementis Increases Dividend

The firm also recently announced 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. This is a boost from Elementis's previous dividend of $0.01. This represents a yield of 1.53%. The ex-dividend date of this dividend was Thursday, May 1st. Elementis's dividend payout ratio 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.