IMCD (OTC:IMCDY) Stock Price Down 3.5% – Time to Sell?

Shares of IMCD (OTC:IMCDY) fell 3.5% on Thursday . The company traded as low as $54.0875 and last traded at $54.5160. 20,847 shares were traded during trading, a decline of 63% from the average session volume of 57,024 shares. The stock had previously closed at $56.47.

Analyst Ratings Changes

A number of brokerages recently issued reports on IMCDY. BNP Paribas Exane initiated coverage on shares of IMCD in a research note on Monday, October 20th. They issued an “outperform” rating and a $72.50 price target for the company. Morgan Stanley cut shares of IMCD from an “overweight” rating to a “cautious” rating in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $72.50.

IMCD Stock Performance

The business has a 50 day moving average of $46.64 and a 200-day moving average of $50.14.

IMCD Company Profile

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives.