Elementis (LON:ELM) Trading Up 8.2% on Insider Buying Activity

Key Points

• Elementis plc shares increased by 8.2% during trading, reaching a high of GBX 178.40 ($2.36), showcasing a significant rise from the previous close of GBX 160.80 ($2.12).
• The company has a market cap of £1.28 billion and shows signs of volatility with a beta of 2.02, indicating higher risk compared to the market.
• Insiders of Elementis have recently sold shares, with two significant transactions totaling over £266,000, highlighting potential concerns about internal confidence in the stock.

Elementis plc (LON:ELM - Get Free Report)'s share price was up 8.2% during trading on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 178.40 ($2.37) and last traded at GBX 174 ($2.31). Approximately 4,151,729 shares were traded during mid-day trading, an increase of 177% from the average daily volume of 1,497,702 shares. The stock had previously closed at GBX 160.80 ($2.14).

Specifically, insider Trudy Schoolenberg bought 30,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of GBX 172 ($2.29) per share, with a total value of £51,600 ($68,580.54).

Elementis Stock Performance

The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 37.85. The company has a market cap of £1.30 billion, a PE ratio of -37.31, a P/E/G ratio of 3.05 and a beta of 2.02. The business's fifty day moving average is GBX 160.09 and its 200-day moving average is GBX 146.39.

Elementis Company Profile

Elementis is a global specialty chemicals company. We offer performance-driven additives that help create innovative formulations for consumer and industrial applications. As a FTSE 250 company, listed on the London Stock Exchange, we employ c.1,030 people globally. We have a nearly 200-year tradition of creating ingredients that add value to everyday consumer and industrial products.