Johnson Matthey (OTCMKTS:JMPLY) Stock Dropped to “Strong Sell” by Zacks Research

Johnson Matthey (OTCMKTS:JMPLY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research note on Monday, September 21st. Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

Johnson Matthey stock traded up $2.37 during mid-day trading on Thursday, reaching $67.35. 3,266 shares of the company were exchanged, compared to its average volume of 818. Johnson Matthey has a 12-month low of $56.22 and a 12-month high of $87.60. The business has a fifty day moving average of $62.08 and a 200 day moving average of $57.33. The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66.

About Johnson Matthey

Johnson Matthey plc is a United Kingdom-based specialty chemicals and sustainable technologies company. Founded in 1817, the company develops materials, catalysts and related technologies designed to support cleaner air, more efficient industrial processes and the transition to lower-carbon energy systems.

Its activities include emissions-control technologies for vehicles and industrial applications, platinum group metal refining and recycling, and catalyst technologies used in chemical manufacturing.