Umicore (OTCMKTS:UMICY) Sees Strong Trading Volume – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares saw unusually-strong trading volume on Monday . Approximately 52,515 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 37,283 shares.The stock last traded at $6.08 and had previously closed at $6.44.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Zacks Research upgraded Umicore to a “hold” rating in a research report on Tuesday, May 19th. Kepler Capital Markets cut Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Finally, Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Umicore Trading Down 4.2%

The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. The stock’s 50-day moving average is $6.29 and its 200 day moving average is $5.95.

About Umicore

Umicore is a Belgium-based materials technology and recycling group serving customers in the automotive, energy, electronics, industrial and consumer goods markets. The company develops and produces materials used in clean mobility, energy storage, emissions control and other industrial applications, while also recovering valuable metals from industrial residues and end-of-life products.

Its activities include battery materials, such as cathode active materials and related products for rechargeable batteries; automotive and industrial catalyst technologies; and precious-metals refining and recycling.