Umicore (OTCMKTS:UMICY) Shares Down 6.9% – Here’s Why

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s stock price traded down 6.9% during mid-day trading on Wednesday . The stock traded as low as $5.9180 and last traded at $5.9180. 17,456 shares traded hands during trading, a decline of 52% from the average daily volume of 36,607 shares. The stock had previously closed at $6.36.

Analyst Upgrades and Downgrades

UMICY has been the topic of a number of recent research reports. Zacks Research upgraded Umicore to a “hold” rating in a research note on Tuesday, May 19th. Kepler Capital Markets downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Umicore has a consensus rating of “Moderate Buy”.

Umicore Stock Performance

The company’s 50-day simple moving average is $6.36 and its 200 day simple moving average is $5.62. 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.