Umicore (OTCMKTS:UMICY) Sets New 52-Week High – Should You Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.78 and last traded at $5.78, with a volume of 11811 shares trading hands. The stock had previously closed at $5.4850.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UMICY. Jefferies Financial Group raised Umicore to a “strong-buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Umicore in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Umicore Trading Up 5.4%

The business’s fifty day simple moving average is $4.92 and its 200 day simple moving average is $4.50.

Umicore Company Profile

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.