Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – Time to Sell?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) gapped down before the market opened on Thursday . The stock had previously closed at $55.55, but opened at $53.13. Johnson Matthey shares last traded at $52.64, with a volume of 250 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Johnson Matthey in a research note on Tuesday, October 21st. Zacks Research downgraded shares of Johnson Matthey from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group upgraded shares of Johnson Matthey to a “strong-buy” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Johnson Matthey has a consensus rating of “Moderate Buy”.

Johnson Matthey Trading Down 3.1%

The company has a quick ratio of 1.01, a current ratio of 1.42 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $55.27 and a 200-day simple moving average of $49.90.

Johnson Matthey Company Profile

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.