Umicore (OTCMKTS:UMICY) Shares Gap Up – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $4.33, but opened at $4.63. Umicore shares last traded at $4.6450, with a volume of 558 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut Umicore from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Umicore in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Umicore Stock Up 2.6%

The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $5.36 and a 200-day simple moving average of $4.91.

About Umicore

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.