Element Solutions (NYSE:ESI) Sees Large Volume Increase

Element Solutions Inc (NYSE:ESI) saw unusually-strong trading volume on Thursday . Approximately 2,814,716 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 2,731,585 shares.The stock last traded at $10.20 and had previously closed at $10.03.

A number of equities analysts have commented on ESI shares. Zacks Investment Research raised Element Solutions from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Thursday, March 28th. Raymond James reaffirmed an “average” rating and issued a $6.50 price target on shares of Element Solutions in a research note on Monday, April 8th.

The company has a quick ratio of 1.75, a current ratio of 2.20 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of $10.27. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 73.86 and a beta of 2.20.

Element Solutions (NYSE:ESI) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $459.80 million for the quarter, compared to analysts’ expectations of $471.76 million. Element Solutions had a positive return on equity of 6.63% and a negative net margin of 13.82%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Analysts anticipate that Element Solutions Inc will post 0.84 EPS for the current year.

In other Element Solutions news, COO Scot Benson bought 20,000 shares of Element Solutions stock in a transaction dated Monday, May 13th. The shares were purchased at an average cost of $10.50 per share, with a total value of $210,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rakesh Sachdev sold 28,764 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $10.71, for a total value of $308,062.44. The disclosure for this sale can be found here. 13.30% of the stock is owned by insiders.

About Element Solutions (NYSE:ESI)

Element Solutions Inc produces and sells specialty chemical products worldwide. The company operates through two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.

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