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

Elementis plc (LON:ELM)’s share price 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 traded.

Analyst Ratings Changes

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

Elementis Trading Up 0.5%

The firm has a market cap of £902.98 million, a PE ratio of -20.28, a PEG ratio of 3.05 and a beta of 0.92. The company has a debt-to-equity ratio of 39.85, a quick ratio of 1.16 and a current ratio of 1.90. The stock’s 50 day simple moving average is GBX 152.52 and its 200 day simple moving average is GBX 157.56.

Elementis announced that its Board of Directors has initiated a stock buyback program on Wednesday, June 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

About Elementis

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.