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

Elementis plc (OTCMKTS:ELMTY) shares hit a new 52-week high on Monday . The stock 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.

Wall Street Analysts Forecast Growth

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

Elementis Stock Performance

The firm has a 50-day simple moving average of $8.76 and a 200-day simple moving average of $8.11. 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.