Elementis (LON:ELM) Hits New 52-Week Low – Here’s Why

Elementis plc (LON:ELM) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 126 ($1.64) and last traded at GBX 129.20 ($1.68), with a volume of 85473 shares trading hands. The stock had previously closed at GBX 129.40 ($1.68).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 170 ($2.21) price target on shares of Elementis in a research note on Thursday, January 2nd.

Elementis Stock Performance

The firm has a 50 day moving average of GBX 150.31 and a 200-day moving average of GBX 145.49. The company has a market cap of £987.77 million, a P/E ratio of -28.39, a PEG ratio of 3.05 and a beta of 2.02. The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 37.85.

Elementis Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.03 per share. This is an increase from Elementis’s previous dividend of $0.01. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 1.53%. Elementis’s dividend payout ratio is presently -63.65%.

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.