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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares gapped down before the market opened on Friday . The stock had previously closed at $5.1765, but opened at $4.8780. Umicore shares last traded at $4.8830, with a volume of 2,896 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Umicore from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Umicore in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Umicore has a consensus rating of “Hold”.

Umicore Stock Performance

The business’s 50-day simple moving average is $5.57 and its 200 day simple moving average is $4.82.

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.