Umicore (OTCMKTS:UMICY) Shares Gap Up – What’s Next?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICYGet Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $6.50, but opened at $6.79. Umicore shares last traded at $6.79, with a volume of 357 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Berenberg Bank lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Kepler Capital Markets downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Zacks Research upgraded Umicore to a “hold” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Finally, The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on Umicore

Umicore Stock Performance

The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $6.16 and its two-hundred day simple moving average is $5.84.

Umicore Company Profile

(Get Free Report)

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.

Further Reading

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