Johnson Matthey (OTCMKTS:JMPLY) Sees Unusually-High Trading Volume – Here’s Why

Johnson Matthey PLC (OTCMKTS:JMPLY) saw unusually-high trading volume on Thursday . 1,625 shares were traded during trading, an increase of 62% from the previous session’s volume of 1,006 shares.The stock last traded at $50.67 and had previously closed at $51.83.

Wall Street Analysts Forecast Growth

JMPLY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Zacks Research cut shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Johnson Matthey has an average rating of “Moderate Buy”.

Johnson Matthey Trading Down 1.9%

The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average price is $55.08 and its two-hundred day moving average price is $56.40.

About Johnson Matthey

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.