Elementis (LON:ELM) Stock Price Crosses Above 200-Day Moving Average of $140.06

Elementis plc (LON:ELM)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 140.06 ($1.79) and traded as high as GBX 150.40 ($1.93). Elementis shares last traded at GBX 149.40 ($1.91), with a volume of 735,546 shares changing hands.

Wall Street Analysts Forecast Growth

ELM has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 170 ($2.18) price objective on shares of Elementis in a research note on Friday. HSBC raised Elementis to a “buy” rating and set a GBX 170 ($2.18) price target on the stock in a research report on Wednesday, March 20th.

Elementis Stock Down 1.0 %

The company’s 50-day moving average is GBX 147.08 and its 200 day moving average is GBX 140.23. The stock has a market capitalization of £891.93 million, a PE ratio of 3,785.00, a price-to-earnings-growth ratio of 3.05 and a beta of 1.94. The company has a current ratio of 2.20, a quick ratio of 1.16 and a debt-to-equity ratio of 35.51.

Insiders Place Their Bets

In other news, insider Paul Waterman sold 350,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of GBX 150 ($1.92), for a total transaction of £525,000 ($672,473.42). In related news, insider Paul Waterman sold 350,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of GBX 150 ($1.92), for a total value of £525,000 ($672,473.42). Also, insider Heejae Chae acquired 34,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of GBX 146 ($1.87) per share, with a total value of £49,640 ($63,583.96). Corporate insiders own 4.18% of the company’s stock.

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.