Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – Should You Sell?

Johnson Matthey PLC (OTCMKTS:JMPLY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $58.50, but opened at $55.6540. Johnson Matthey shares last traded at $55.55, with a volume of 706 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Zacks Research downgraded Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Johnson Matthey currently has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.28. The stock has a 50-day moving average price of $55.73 and a 200 day moving average price of $56.70.

Johnson Matthey Company Profile

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.