Johnson Matthey (OTCMKTS:JMPLY) Shares Pass Below Fifty Day Moving Average – What’s Next?

Johnson Matthey PLC (OTCMKTS:JMPLY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $54.44 and traded as low as $53.78. Johnson Matthey shares last traded at $53.78, with a volume of 533 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JMPLY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Zacks Research downgraded shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The company’s 50 day simple moving average is $54.44 and its 200 day simple moving average is $56.01.

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.