Umicore (OTCMKTS:UMICY) Sees Large Volume Increase – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares saw unusually-strong trading volume on Friday . 57,172 shares changed hands during mid-day trading, an increase of 64% from the previous session’s volume of 34,796 shares.The stock last traded at $5.48 and had previously closed at $5.4350.

Analyst Ratings Changes

Several research firms have recently weighed in on UMICY. Zacks Research raised Umicore to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Berenberg Bank downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Kepler Capital Markets downgraded 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 issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Umicore Stock Up 0.8%

The stock has a fifty day moving average of $6.55 and a two-hundred day moving average of $5.73. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99.

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.