Elementis (LON:ELM) Trading Up 8.2% - Should You Buy?

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 - ) shares traded up 8.2% during trading on Friday . The stock traded as high as GBX 178.40 ($2.36) and last traded at GBX 174 ($2.30). 4,151,729 shares traded hands during trading, an increase of 177% from the average session volume of 1,497,702 shares. The stock had previously closed at GBX 160.80 ($2.12).

Elementis Trading Down 0.2%

The stock has a fifty day simple moving average of GBX 158.34 and a 200 day simple moving average of GBX 145.94. The company has a debt-to-equity ratio of 37.85, a quick ratio of 1.16 and a current ratio of 2.04. The firm has a market cap of £1.28 billion, a P/E ratio of -36.83, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02.

Insider Buying and Selling at Elementis

In other news, insider Luc van Ravenstein sold 41,276 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of GBX 153 ($2.02), for a total transaction of £63,152.28 ($83,424.41). Also, insider Ralph Hewins sold 132,625 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of GBX 153 ($2.02), for a total transaction of £202,916.25 ($268,053.17). Company insiders own 4.16% of the company's stock.

About Elementis

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.

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