Umicore (OTCMKTS:UMICY) Stock Price Down 7.9% – What’s Next?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares fell 7.9% on Monday . The company traded as low as $4.52 and last traded at $4.55. 27,539 shares were traded during mid-day trading, a decline of 61% from the average session volume of 70,118 shares. The stock had previously closed at $4.94.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Umicore to a “strong-buy” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Umicore Price Performance

The stock’s 50-day simple moving average is $4.50 and its 200 day simple moving average is $3.87.

Umicore Company Profile

Umicore SA operates as a materials technology and recycling company in Belgium, rest of Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment provides automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications, including on-road and non-road vehicles; stationary catalysis for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.