Elementis (LON:ELM) Trading 11.4% Higher – What’s Next?

Elementis plc (LON:ELM) shares traded up 11.4% during trading on Tuesday . The company 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 1.0%

The stock has a 50-day simple moving average of GBX 126.41 and a 200 day simple moving average of GBX 138.71. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 37.85. The company has a market cap of £1.06 billion, a price-to-earnings ratio of -30.42, a PEG ratio of 3.05 and a beta of 2.02.

Elementis Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 1.53%. This is a boost from Elementis’s previous dividend of $0.01. Elementis’s payout ratio is currently -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.