Elementis (OTCMKTS:ELMTY) Sets New 52-Week High – Should You Buy?

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

Analysts Set New Price Targets

ELMTY has been the subject of a number of recent analyst reports. Berenberg Bank upgraded shares of 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 note on Wednesday, October 2nd.

Elementis Price Performance

The stock has a fifty day moving average of $8.76 and a 200-day moving average of $8.06. The company has a current ratio of 2.32, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33.

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.