Umicore (OTCMKTS:UMICY) Shares Gap Down – Here’s Why

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $5.50, but opened at $5.10. Umicore shares last traded at $5.07, with a volume of 4,967 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UMICY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Umicore in a research note on Tuesday, January 6th. The Goldman Sachs Group cut Umicore from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Umicore Stock Up 4.6%

The stock has a fifty day simple moving average of $5.57 and a 200-day simple moving average of $4.77.

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.