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

Johnson Matthey PLC (OTCMKTS:JMPLY – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $61.47, but opened at $56.34. Johnson Matthey shares last traded at $47.82, with a volume of 5,961 shares traded.

Analyst Ratings Changes

JMPLY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Zacks Research raised Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Johnson Matthey presently has a consensus rating of “Buy”.

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Johnson Matthey Stock Down 20.5%

The business’s fifty day moving average price is $54.26 and its 200 day moving average price is $55.61. The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.

About Johnson Matthey

(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.

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