Umicore (OTCMKTS:UMICY) Shares Gap Up – Should You Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $6.55, but opened at $7.46. Umicore shares last traded at $7.5050, with a volume of 3,853 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday. One investment analyst has 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, the stock currently has a consensus rating of “Moderate Buy”.

Umicore Stock Down 1.6%

The firm’s 50-day simple moving average is $5.14 and its 200-day simple moving average is $5.14. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 1.35.

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.