Johnson Matthey (OTCMKTS:JMPLY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY – Get Free Report) saw unusually-high trading volume on Friday. Approximately 7,741 shares traded hands during mid-day trading, an increase of 713% from the previous session’s volume of 952 shares. The stock last traded at $65.30 and had previously closed at $64.71.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a research note on Monday, September 21st. Finally, Jefferies Financial Group upgraded shares of Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Two research 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 MarketBeat, Johnson Matthey presently has a consensus rating of “Buy”.

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Johnson Matthey Stock Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.21 and a current ratio of 1.56. The firm has a 50-day moving average price of $60.89 and a 200-day moving average price of $56.72.

Johnson Matthey Company Profile

(Get Free Report)

Johnson Matthey plc is a United Kingdom-based specialty chemicals and sustainable technologies company. Founded in 1817, the company develops materials, catalysts and related technologies designed to support cleaner air, more efficient industrial processes and the transition to lower-carbon energy systems.

Its activities include emissions-control technologies for vehicles and industrial applications, platinum group metal refining and recycling, and catalyst technologies used in chemical manufacturing.

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