Elementis (LON:ELM) Shares Cross Above 200 Day Moving Average – Time to Sell?

Elementis plc (LON:ELM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 147.69 ($1.86) and traded as high as GBX 162.40 ($2.04). Elementis shares last traded at GBX 161.20 ($2.03), with a volume of 739,835 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 170 ($2.14) target price on shares of Elementis in a report on Thursday, January 2nd.

Elementis Stock Up 0.6 %

The company has a market capitalization of £1.19 billion, a P/E ratio of -34.20, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02. 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’s fifty day moving average is GBX 146.84 and its 200-day moving average is GBX 147.70.

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.