Umicore (OTCMKTS:UMICY) Trading Down 6.9% – Time to Sell?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) fell 6.9% during trading on Wednesday . The company traded as low as $5.9180 and last traded at $5.9180. 17,456 shares were traded during trading, a decline of 52% from the average daily volume of 36,607 shares. The stock had previously closed at $6.36.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UMICY shares. Berenberg Bank lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Kepler Capital Markets lowered Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. Zacks Research raised Umicore to a “hold” rating in a research report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Umicore in a report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Umicore Stock Down 7.3%

The firm’s fifty day moving average is $6.36 and its 200 day moving average is $5.62. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99.

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.