Umicore (OTCMKTS:UMICY) Shares Gap Down – Should You Sell?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares gapped down prior to trading on Monday . The stock had previously closed at $6.76, but opened at $6.2480. Umicore shares last traded at $6.22, with a volume of 4,790 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on UMICY shares. Kepler Capital Markets downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research note on Friday. Zacks Research raised Umicore to a “hold” rating in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Umicore Price Performance

The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. The firm’s 50 day simple moving average is $6.31 and its 200-day simple moving average is $5.59.

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.