Johnson Matthey (OTCMKTS:JMPLY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) saw an uptick in trading volume on Tuesday . Approximately 784 shares traded hands during trading, a decline of 25% from the previous session’s volume of 1,043 shares.The stock last traded at $58.89 and had previously closed at $59.05.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a report on Friday, May 29th. Zacks Research raised Johnson Matthey from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group upgraded Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Johnson Matthey presently has an average rating of “Buy”.

Johnson Matthey Trading Up 2.3%

The stock’s 50 day moving average is $54.20 and its 200 day moving average is $55.63. The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.

Johnson Matthey Company Profile

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.