Umicore (OTCMKTS:UMICY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw unusually-strong trading volume on Friday . Approximately 16,061 shares were traded during trading, an increase of 25% from the previous session’s volume of 12,882 shares.The stock last traded at $6.09 and had previously closed at $5.92.

Analyst Ratings Changes

A number of research analysts have weighed in on UMICY shares. Jefferies Financial Group raised shares of Umicore to a “strong-buy” rating in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Umicore in a report on Tuesday, January 6th. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Umicore Stock Performance

The business’s 50 day simple moving average is $4.96 and its 200 day simple moving average is $4.52.

About Umicore

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.