Elementis (LON:ELM) Shares Up 11.4% – Time to Buy?

Elementis plc (LON:ELM) shot up 11.4% during mid-day trading on Wednesday . The stock traded as high as GBX 151.80 ($2.05) and last traded at GBX 144.80 ($1.96). 5,028,817 shares were traded during trading, an increase of 230% from the average session volume of 1,524,830 shares. The stock had previously closed at GBX 130 ($1.76).

Elementis Trading Down 0.7%

The company has a quick ratio of 1.16, a current ratio of 2.04 and a debt-to-equity ratio of 37.85. The stock’s fifty day moving average price is GBX 126.41 and its two-hundred day moving average price is GBX 138.71. The company has a market capitalization of £1.06 billion, a PE ratio of -30.51, a price-to-earnings-growth ratio of 3.05 and a beta of 2.02.

Elementis Increases Dividend

The firm also recently disclosed 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 payout ratio is presently -63.65%.

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.