Umicore (OTCMKTS:UMICY) Shares Gap Down Following Analyst Downgrade

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s share price gapped down prior to trading on Thursday after Kepler Capital Markets downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $6.4956, but opened at $6.19. Umicore shares last traded at $6.29, with a volume of 3,555 shares trading hands.

Several other research analysts have also recently issued reports on UMICY. Zacks Research upgraded shares of Umicore to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Umicore Price Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75. The company’s 50-day moving average is $6.11 and its 200 day moving average is $5.49.

About Umicore

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.