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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped down prior to trading on Tuesday . The stock had previously closed at $5.9075, but opened at $5.66. Umicore shares last traded at $5.6790, with a volume of 157,514 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UMICY. The Goldman Sachs Group downgraded Umicore from a “buy” rating to a “neutral” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Umicore in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Umicore Price Performance

The firm’s 50-day moving average is $5.37 and its 200 day moving average is $4.66.

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.