Elementis share price is currently trading at $3.40, down from yesterday’s close of $3.50. The company has been struggling lately, and its share price hasreflectedd that, falling from a 52-week high of $5.20 in early September. Given the current state of the market, it is not surprising to see Elementisshare price under pressure.
The Elementis share price has been on a bit of a roller coaster ride recently. The company, which makes specialty chemicals, has seen its stock price rise and fall in response to a number of different factors.
One major factor that has affected the Elementis share price is the overall health of the economy.
When the economy is doing well, demand for specialty chemicals tends to be strong. However, when the economy slows down, demand for these types of products usually declines as well. Another factor that has had an impact on the Elementis share price is the company’s own financial performance.
Recently, Elementis has been reporting strong results and this has helped to support its share price. However, if the company were to suddenly start reporting weaker results, this could cause its share price to drop sharply. Overall, the Elementis share price is likely to continue to be volatile in the near-term as it responds to a variety of different factors.
However, over the long-run, the company’s strong financial performance should help to support its share price at higher levels.
Elementis shares are down today after the company announced that it would be selling its performance materials business to private equity firm SK Capital. The sale is expected to close in the second half of 2019, and Elementis will use the proceeds to pay down debt and bolster its balance sheet.
The move comes as Elementis looks to focus on its core specialty chemicals businesses, which have been underperforming in recent years.
While the performance materials business has been a drag on earnings, it is a significant part of Elementis’ overall revenue. In 2018, the business generated £254 million in revenue, accounting for around 20% of Elementis’ total sales. The sale of the business is expected to be completed by the end of September 2019 and will result in a one-off charge of around £85 million.
Going forward, Elementis expects to save around £15 million per year as a result of the divestment.
What is Elementis’ Share Price
Elementis’ share price (LSE: ELM) is currently 644.00 GBX. Elementis plc is a United Kingdom-based specialty chemicals company. The Company’s segments include Surface Technologies, which offers pigments and performance additives for the paint and coatings industry; Chromium, which is engaged in the mining of chromite ore used to produce chromium chemicals, and bentonite clay used in drilling fluids; and Resources, which comprises minerals extraction businesses.
Elementis – Webinar Presentation Jun 2020
Elementis, a global specialty chemicals company, has seen its share price rise by over 50% in the past year. The company is benefiting from strong demand for its products, which are used in a wide range of industries including paints and coatings, construction, and personal care. Elementis is also expanding its operations into new markets and implementing cost-saving measures.
These factors have all contributed to the company’s impressive share price growth.