Elementis (LON:ELM) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Elementis plc (LON:ELM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 157.56 and traded as low as GBX 156. Elementis shares last traded at GBX 158.20, with a volume of 1,407,012 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ELM. Jefferies Financial Group restated a “buy” rating and issued a GBX 210 target price on shares of Elementis in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 200 price target on shares of Elementis in a research note on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 200.

Elementis Price Performance

The stock has a market capitalization of £902.98 million, a P/E ratio of -20.28, a price-to-earnings-growth ratio of 3.05 and a beta of 0.92. The business’s 50 day simple moving average is GBX 152.52 and its two-hundred day simple moving average is GBX 157.56. The company has a quick ratio of 1.16, a current ratio of 1.90 and a debt-to-equity ratio of 39.85.

Elementis announced that its board has authorized a share buyback program on Wednesday, June 3rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Elementis Company Profile

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.