Elementis (OTCMKTS:ELMTY) Sets New 12-Month High – Should You Buy?

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

Analyst Upgrades and Downgrades

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

Elementis Price Performance

The firm has a 50-day moving average of $8.64 and a 200 day moving average of $7.89. The company has a current ratio of 2.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33.

Elementis Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, August 16th were paid 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.