Umicore (OTCMKTS:UMICY) Sees Large Volume Increase – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw an uptick in trading volume on Monday . 52,515 shares changed hands during trading, an increase of 41% from the previous session’s volume of 37,283 shares.The stock last traded at $6.08 and had previously closed at $6.44.

Analyst Ratings Changes

Several brokerages have recently weighed in on UMICY. Zacks Research upgraded shares of Umicore to a “hold” rating in a research note on Tuesday, May 19th. Kepler Capital Markets downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Umicore in a report on Friday, June 19th. Finally, Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Umicore presently has a consensus rating of “Moderate Buy”.

Umicore Trading Down 4.2%

The stock has a fifty day moving average price of $6.29 and a two-hundred day moving average price of $5.95. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99.

About Umicore

Umicore is a Belgium-based materials technology and recycling group serving customers in the automotive, energy, electronics, industrial and consumer goods markets. The company develops and produces materials used in clean mobility, energy storage, emissions control and other industrial applications, while also recovering valuable metals from industrial residues and end-of-life products.

Its activities include battery materials, such as cathode active materials and related products for rechargeable batteries; automotive and industrial catalyst technologies; and precious-metals refining and recycling.