Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – Should You Sell?

Johnson Matthey PLC (OTCMKTS:JMPLY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $58.50, but opened at $55.6540. Johnson Matthey shares last traded at $55.55, with a volume of 706 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JMPLY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Zacks Research downgraded shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Johnson Matthey Trading Down 5.4%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.28 and a current ratio of 1.65. The company has a 50 day simple moving average of $55.73 and a two-hundred day simple moving average of $56.70.

Johnson Matthey Company Profile

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.