Elementis (LON:ELM) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Elementis plc (LON:ELM) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 158.01 and traded as low as GBX 156.80. Elementis shares last traded at GBX 158.50, with a volume of 659,352 shares.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 210 price target on shares of Elementis in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 200 price target on shares of Elementis in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 200.

Elementis Price Performance

The stock has a market capitalization of £885.85 million, a PE ratio of -19.90, a P/E/G ratio of 3.05 and a beta of 0.92. The company has a debt-to-equity ratio of 39.85, a current ratio of 1.90 and a quick ratio of 1.16. The firm’s 50 day simple moving average is GBX 151.68 and its 200 day simple moving average is GBX 158.01.

Elementis declared that its Board of Directors has approved a share repurchase program on Wednesday, June 3rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

About Elementis

Elementis is a global specialty chemicals company. We offer performance-driven additives that help create innovative formulations for consumer and industrial applications. As a FTSE 250 company, listed on the London Stock Exchange, we employ c.1,030 people globally. We have a nearly 200-year tradition of creating ingredients that add value to everyday consumer and industrial products. In 2024 Elementis reported revenue of $738m and adjusted operating profit of $129m.