IMCD (OTC:IMCDY) Shares Down 3.5% – Here’s What Happened

IMCD (OTC:IMCDY) shares fell 3.5% during mid-day trading on Thursday . The company traded as low as $54.0875 and last traded at $54.5160. 20,847 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 57,024 shares. The stock had previously closed at $56.47.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IMCDY. Morgan Stanley cut IMCD from an “overweight” rating to a “cautious” rating in a research report on Tuesday, January 6th. BNP Paribas Exane started coverage on shares of IMCD in a report on Monday, October 20th. They issued an “outperform” rating and a $72.50 price target for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.50.

IMCD Trading Down 3.5%

The company has a fifty day moving average price of $46.44 and a two-hundred day moving average price of $50.22.

IMCD Company Profile

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives.