Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up on Analyst Upgrade

Johnson Matthey PLC (OTCMKTS:JMPLY) gapped up prior to trading on Wednesday after Jefferies Financial Group upgraded the stock to a strong-buy rating. The stock had previously closed at $53.70, but opened at $58.35. Johnson Matthey shares last traded at $58.35, with a volume of 434 shares changing hands.

A number of other analysts also recently commented on JMPLY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a report on Friday, May 29th. Zacks Research upgraded shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Johnson Matthey Price Performance

The company’s 50-day moving average is $54.04 and its 200 day moving average is $55.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.21.

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.