Umicore (OTCMKTS:UMICY) Shares Gap Down – What’s Next?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped down prior to trading on Thursday . The stock had previously closed at $6.78, but opened at $6.52. Umicore shares last traded at $6.4875, with a volume of 554 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Berenberg Bank lowered Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Zacks Research upgraded Umicore to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Finally, Kepler Capital Markets lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Umicore has an average rating of “Moderate Buy”.

Umicore Trading Up 2.3%

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75. The firm’s fifty day moving average price is $6.16 and its two-hundred day moving average price is $5.83.

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.