Umicore (OTCMKTS:UMICY) Shares Gap Up – Still a Buy?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped up prior to trading on Tuesday . The stock had previously closed at $4.63, but opened at $4.8401. Umicore shares last traded at $4.8450, with a volume of 3,164 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Umicore in a research report on Tuesday, January 6th. The Goldman Sachs Group cut shares of Umicore from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Umicore currently has an average rating of “Hold”.

Umicore Stock Performance

The company has a 50-day moving average of $5.51 and a two-hundred day moving average of $4.88.

Umicore Company Profile

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.