Johnson Matthey (OTCMKTS:JMPLY) Shares Cross Above 50-Day Moving Average – Time to Sell?

Johnson Matthey PLC (OTCMKTS:JMPLY)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $55.79 and traded as high as $56.22. Johnson Matthey shares last traded at $56.22, with a volume of 528 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Jefferies Financial Group upgraded Johnson Matthey to a “strong-buy” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Finally, Zacks Research upgraded Johnson Matthey from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Johnson Matthey Price Performance

The company’s 50 day simple moving average is $55.79 and its 200 day simple moving average is $55.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.21.

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.