Elementis (OTCMKTS:ELMTY) Reaches New 52-Week High – Should You Buy?

Shares of Elementis plc (OTCMKTS:ELMTY) reached a new 52-week high during trading on Tuesday . The company traded as high as $8.76 and last traded at $8.76, with a volume of 0 shares traded. The stock had previously closed at $8.76.

Analyst Ratings Changes

ELMTY has been the topic of several research analyst reports. Barclays raised shares of Elementis to a “strong-buy” rating in a research report on Wednesday, October 2nd. Berenberg Bank raised shares of Elementis to a “strong-buy” rating in a report on Monday, August 5th.

Elementis Stock Performance

The company has a quick ratio of 1.29, a current ratio of 2.32 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average price of $8.56 and a two-hundred day moving average price of $7.86.

Elementis Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, August 16th were issued a $0.0388 dividend. The ex-dividend date of this dividend was 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.