Elementis (OTCMKTS:ELMTY) Sets New 52-Week High – Still a Buy?

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ELMTY shares. Barclays upgraded shares of Elementis to a “strong-buy” rating in a research note on Wednesday, October 2nd. Berenberg Bank upgraded Elementis to a “strong-buy” rating in a research report on Monday, August 5th.

Elementis Price Performance

The company has a current ratio of 2.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $8.76 and a 200 day moving average of $8.01.

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.