Umicore (OTCMKTS:UMICY) Sees Strong Trading Volume – Here’s What Happened

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares saw an uptick in trading volume on Thursday . 144,497 shares traded hands during trading, an increase of 498% from the previous session’s volume of 24,158 shares.The stock last traded at $6.27 and had previously closed at $6.32.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UMICY. Jefferies Financial Group upgraded Umicore to a “strong-buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Umicore in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Umicore Stock Performance

The firm has a 50 day moving average price of $5.10 and a two-hundred day moving average price of $4.58.

Umicore Company Profile

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.