Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – Time to Sell?

Johnson Matthey PLC (OTCMKTS:JMPLY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $61.89, but opened at $52.76. Johnson Matthey shares last traded at $52.6750, with a volume of 1,717 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on JMPLY shares. Zacks Research downgraded shares of Johnson Matthey from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Berenberg Bank upgraded shares of Johnson Matthey from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Johnson Matthey Trading Up 3.3%

The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.63. The business’s 50 day simple moving average is $61.43 and its 200 day simple moving average is $56.40.

Johnson Matthey Company Profile

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.