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.
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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