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Elementis (OTCMKTS:ELMTY) Stock Price Down 14.6% - Time to Sell?

Elementis logo with Basic Materials background

Key Points

  • Elementis' stock price fell by 14.6%, trading at $9.10 after previously closing at $10.65, with an unusually high trading volume.
  • The company announced a dividend of $0.0409 per share, with an impressive yield of 131.0%, payable on October 14th.
  • Elementis operates as a specialty chemical company in multiple regions, focusing on Performance Specialties and Personal Care sectors.
  • Interested in Elementis? Here are five stocks we like better.

Shares of Elementis (OTCMKTS:ELMTY - Get Free Report) traded down 14.6% during mid-day trading on Friday . The company traded as low as $9.10 and last traded at $9.10. 180 shares changed hands during trading, an increase of 6,692% from the average session volume of 3 shares. The stock had previously closed at $10.65.

Elementis Trading Down 14.6%

The stock's 50-day moving average price is $9.25 and its 200-day moving average price is $8.09.

Elementis Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Monday, August 18th will be given a dividend of $0.0409 per share. This represents a dividend yield of 131.0%. The ex-dividend date of this dividend is Friday, August 15th.

About Elementis

(Get Free Report)

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.

See Also

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