Umicore (OTCMKTS:UMICY) Lowered to Hold Rating by Berenberg Bank

Berenberg Bank downgraded shares of Umicore (OTCMKTS:UMICY) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. Kepler Capital Markets downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Zacks Research raised shares of Umicore to a “hold” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Umicore in a research report on Friday. Finally, The Goldman Sachs Group upgraded shares of 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 four have given a Hold rating to the company. Based on data from MarketBeat, Umicore presently has a consensus rating of “Moderate Buy”.

Umicore Stock Down 8.0%

Shares of UMICY stock opened at $6.22 on Monday. Umicore has a 1 year low of $3.37 and a 1 year high of $7.68. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $6.33 and a 200 day simple moving average of $5.60.

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.