Elementis (OTCMKTS:ELMTY) Sets New 12-Month High – Still a Buy?

Elementis plc (OTCMKTS:ELMTY)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $8.76 and last traded at $8.76, with a volume of 18 shares changing hands. The stock had previously closed at $8.76.

Analysts Set New Price Targets

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

Elementis Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 2.32 and a quick ratio of 1.29. The business’s fifty day simple moving average is $8.76 and its 200 day simple moving average is $7.97.

Elementis Company Profile

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.