Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up – Here’s What Happened

Johnson Matthey PLC (OTCMKTS:JMPLY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $56.3450, but opened at $59.67. Johnson Matthey shares last traded at $59.64, with a volume of 610 shares changing hands.

Analysts Set New Price Targets

JMPLY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Zacks Research cut Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

The company has a 50-day simple moving average of $56.37 and a 200-day simple moving average of $56.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.28.

About Johnson Matthey

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.