Umicore (OTCMKTS:UMICY) Shares Gap Up – Here’s What Happened

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped up prior to trading on Monday . The stock had previously closed at $6.50, but opened at $6.79. Umicore shares last traded at $6.79, with a volume of 357 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UMICY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a report on Friday, June 19th. Zacks Research upgraded Umicore to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Kepler Capital Markets downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Umicore currently has a consensus rating of “Moderate Buy”.

Umicore Price Performance

The firm’s fifty day moving average is $6.16 and its 200-day moving average is $5.84. 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.