Elementis (OTCMKTS:ELMTY) Rating Increased to Strong-Buy at Barclays

Barclays upgraded shares of Elementis (OTCMKTS:ELMTY) to a strong-buy rating in a research report released on Wednesday, Zacks.com reports.

Separately, Berenberg Bank upgraded Elementis to a strong-buy rating in a report on Monday, August 5th.

Elementis Price Performance

ELMTY opened at $8.76 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 2.20 and a debt-to-equity ratio of 0.31. Elementis has a 12 month low of $5.85 and a 12 month high of $8.76. The firm’s fifty day simple moving average is $8.33 and its 200 day simple moving average is $7.79.

Elementis Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.0388 per share. The ex-dividend date of this dividend is Friday, August 16th.

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.