Johnson Matthey (OTCMKTS:JMPLY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) saw strong trading volume on Thursday . Approximately 1,651 shares changed hands during mid-day trading, an increase of 72% from the previous session’s volume of 960 shares.The stock last traded at $61.50 and had previously closed at $63.97.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research note on Monday. Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Johnson Matthey Trading Down 2.4%

The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average of $58.38 and a two-hundred day moving average of $55.76.

Johnson Matthey Company Profile

Johnson Matthey plc is a United Kingdom-based specialty chemicals and sustainable technologies company. The group develops and manufactures catalysts, chemicals and materials that support cleaner air, lower-carbon industrial processes and the efficient use of precious metals. Its technologies serve customers in the automotive, chemical, energy, pharmaceutical and industrial sectors.

The company’s activities include emissions-control catalysts for vehicles and industrial applications, precious-metal refining and recycling, and catalyst technologies used in chemical and hydrogen-related processes.