Umicore (OTCMKTS:UMICY) Stock Price Up 15.6% – Should You Buy?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) rose 15.6% on Thursday . The stock traded as high as $7.6050 and last traded at $7.57. Approximately 1,816 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 37,133 shares. The stock had previously closed at $6.55.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Umicore Stock Performance

The business has a 50-day moving average price of $5.09 and a 200-day moving average price of $5.12. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99.

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.