Johnson Matthey (OTCMKTS:JMPLY) Sees Strong Trading Volume – Still a Buy?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) saw unusually-high trading volume on Tuesday . 784 shares were traded during trading, a decline of 25% from the previous session’s volume of 1,043 shares.The stock last traded at $58.89 and had previously closed at $59.05.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on JMPLY shares. Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a report on Friday, May 29th. Finally, Zacks Research raised shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Johnson Matthey presently has a consensus rating of “Buy”.

Johnson Matthey Trading Up 0.2%

The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average price of $54.10 and a two-hundred day moving average price of $55.68.

About Johnson Matthey

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.