OCI (OTCMKTS:OCINF) Trading Up 7.5% – What’s Next?

OCI (OTCMKTS:OCINF) shares rose 7.5% on Wednesday . The stock traded as high as $5.00 and last traded at $5.00. Approximately 1,000 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 2,361 shares. The stock had previously closed at $4.65.

Analysts Set New Price Targets

Separately, HSBC downgraded shares of OCI to a “hold” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

OCI Price Performance

The firm has a 50 day moving average price of $4.51 and a 200 day moving average price of $4.31.

About OCI

OCI N.V. (OTCMKTS: OCINF) is a global producer of natural gas-based fertilizers and industrial chemical products. The company’s core offerings include ammonia, urea, urea ammonium nitrate (UAN), melamine and methanol, serving agricultural and industrial customers around the world. OCI markets its products through an integrated network of production facilities, distribution terminals and commercial offices across Europe, North America, the Middle East and Asia.

Formed in 2015 through a spin-off of fertilizer assets from OCI Global Holdings, OCI N.V.