Berenberg Bank Downgrades Umicore (OTCMKTS:UMICY) to Hold

Umicore (OTCMKTS:UMICY) was downgraded by equities researchers at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research firms have also recently commented on UMICY. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. Kepler Capital Markets cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. Zacks Research raised Umicore to a “hold” rating in a report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Umicore in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Umicore Stock Down 8.0%

Umicore stock opened at $6.22 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. Umicore has a 12-month low of $3.37 and a 12-month high of $7.68. The stock has a 50-day simple moving average of $6.33 and a 200 day simple moving average of $5.60.

Umicore Company Profile

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.