Elementis (LON:ELM) Hits New 12-Month Low – Here’s Why

Shares of Elementis plc (LON:ELM) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 126 ($1.63) and last traded at GBX 129.20 ($1.67), with a volume of 85473 shares trading hands. The stock had previously closed at GBX 129.40 ($1.67).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 170 ($2.20) target price on shares of Elementis in a report on Thursday, January 2nd.

Elementis Stock Performance

The company has a debt-to-equity ratio of 37.85, a current ratio of 2.04 and a quick ratio of 1.16. The firm has a market capitalization of £958.18 million, a PE ratio of -27.54, a P/E/G ratio of 3.05 and a beta of 2.02. The firm has a fifty day moving average price of GBX 151.16 and a 200 day moving average price of GBX 145.71.

Elementis Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be issued a $0.03 dividend. This represents a dividend yield of 1.53%. This is a boost from Elementis’s previous dividend of $0.01. The ex-dividend date is Thursday, May 1st. Elementis’s dividend payout ratio (DPR) is presently -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.