Umicore (OTCMKTS:UMICY) Shares Gap Down – Should You Sell?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $6.4956, but opened at $6.19. Umicore shares last traded at $6.29, with a volume of 3,555 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Umicore to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Umicore Trading Up 0.7%

The business’s fifty day moving average is $6.04 and its 200 day moving average is $5.47. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99.

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.