Umicore (OTCMKTS:UMICY) Shares Gap Down – Time to Sell?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICYGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $6.78, but opened at $6.52. Umicore shares last traded at $6.4875, with a volume of 554 shares traded.

Analyst Upgrades and Downgrades

UMICY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Umicore in a research report on Friday, June 19th. Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Kepler Capital Markets downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. Finally, Zacks Research raised shares of Umicore to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

View Our Latest Report on UMICY

Umicore Stock Down 3.8%

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75. The firm has a 50 day moving average price of $6.16 and a two-hundred day moving average price of $5.82.

Umicore Company Profile

(Get Free Report)

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.

Further Reading

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