Umicore (OTCMKTS:UMICY) Sees Large Volume Increase – Here’s What Happened

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares saw unusually-high trading volume on Monday . Approximately 131,665 shares traded hands during mid-day trading, an increase of 255% from the previous session’s volume of 37,104 shares.The stock last traded at $6.07 and had previously closed at $6.16.

Analyst Ratings Changes

UMICY has been the topic of a number of recent research reports. Berenberg Bank lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Umicore in a report on Friday, June 19th. Finally, Kepler Capital Markets cut Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. One 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Umicore Price Performance

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 business has a 50 day simple moving average of $6.33 and a 200-day simple moving average of $5.98.

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.