Berenberg Bank upgraded shares of Elementis (OTCMKTS:ELMTY – Free Report) to a strong-buy rating in a research report sent to investors on Monday, Zacks.com reports.
Elementis Price Performance
Shares of Elementis stock opened at $7.47 on Monday. The company has a current ratio of 2.20, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $7.47 and its 200 day simple moving average is $7.47. Elementis has a 12 month low of $5.47 and a 12 month high of $7.58.
Elementis Cuts Dividend
The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, August 16th will be given a $0.0388 dividend. The ex-dividend date is Friday, August 16th.
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.
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