Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up – Here’s Why

Johnson Matthey PLC (OTCMKTS:JMPLYGet Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $53.70, but opened at $58.35. Johnson Matthey shares last traded at $58.35, with a volume of 434 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JMPLY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Zacks Research upgraded Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on Johnson Matthey

Johnson Matthey Trading Up 8.7%

The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The firm has a 50 day simple moving average of $54.06 and a two-hundred day simple moving average of $55.80.

Johnson Matthey Company Profile

(Get Free Report)

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.

Further Reading

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