Johnson Matthey (OTCMKTS:JMPLY) Sees Strong Trading Volume – Here’s What Happened

Johnson Matthey PLC (OTCMKTS:JMPLY) shares saw strong trading volume on Wednesday . 3,878 shares were traded during trading, an increase of 391% from the previous session’s volume of 790 shares.The stock last traded at $50.97 and had previously closed at $49.50.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a report on Wednesday, January 21st. Berenberg Bank upgraded shares of Johnson Matthey from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

The business has a 50 day moving average price of $57.82 and a 200 day moving average price of $56.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.28.

Johnson Matthey Company Profile

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.