Stocks of Element Solutions Inc (NYSE:ESI) traded higher last session on Wall Street, up 0.26% to $26.98.
ESI stock price is now 4.31% away from the 50-day moving average and 8.42% away from the 200-day moving average. The market capitalization of the company currently stands at $6.53B.
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With the price target of $33, Seaport Research Partners recently initiated with Buy rating for Element Solutions Inc (NYSE: ESI). , while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Fricke Richard L., SVP, Electronics sold 9,500 shares of the company’s stock on Feb 28 ’24. The stock was sold for $222,300 at an average price of $23.40. Upon completion of the transaction, the SVP, Electronics now directly owns 36,229 shares in the company, valued at $0.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’24, Former EVP, Head of I&S Goralski Michael sold 11,604 shares of the business’s stock. A total of $269,213 was realized by selling the stock at an average price of $23.20. This leaves the insider owning 143,446 shares of the company worth $3.87 million. A total of 8.33% of the company’s stock is owned by insiders.
During the past 12 months, Element Solutions Inc has had a low of $17.57 and a high of $28.68. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 3.50, and a quick ratio of 2.60. According to the stock market information, the enterprise value for the company is $8147502080, which is based on a 33.63 price-to-earnings ratio, a 2.72 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for ESI is $25.866 and a two-hundred day moving average price translates $24.8842 for the stock.
The latest earnings results from Element Solutions Inc (NYSE: ESI) was released for 2024-06-30. The net profit margin was 8.24% and return on equity was 8.28% for ESI. The company reported revenue of $612.7 million for the quarter, compared to $586.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.54 percent.
