Johnson Matthey (OTCMKTS:JMPLY) Sees Strong Trading Volume – Time to Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY) shares saw strong trading volume on Friday. 2,948 shares changed hands during mid-day trading, an increase of 198% from the previous session’s volume of 989 shares. The stock last traded at $67.66 and had previously closed at $65.55.

Wall Street Analyst Weigh In

Several analysts have weighed in on JMPLY shares. Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a report on Tuesday, August 4th. Zacks Research raised shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Johnson Matthey Trading Up 3.6%

The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $61.90 and a 200 day moving average price of $57.26.

Johnson Matthey Company Profile

Johnson Matthey plc is a United Kingdom-based specialty chemicals and sustainable technologies company. Founded in 1817, the company develops materials, catalysts and related technologies designed to support cleaner air, more efficient industrial processes and the transition to lower-carbon energy systems.

Its activities include emissions-control technologies for vehicles and industrial applications, platinum group metal refining and recycling, and catalyst technologies used in chemical manufacturing.