Umicore (OTCMKTS:UMICY) Sees Strong Trading Volume – Time to Buy?
by Amy Steele · The Cerbat GemUmicore S.A. – Unsponsored ADR (OTCMKTS:UMICY – Get Free Report) saw an uptick in trading volume on Monday . Approximately 131,665 shares were traded during mid-day trading, an increase of 255% from the previous session’s volume of 37,104 shares.The stock last traded at $6.07 and had previously closed at $6.16.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on UMICY. Kepler Capital Markets cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Berenberg Bank cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on UMICY
Umicore Stock Down 0.6%
The business has a fifty day simple moving average of $6.33 and a 200 day simple moving average of $5.98. 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 Belgium-based materials technology and recycling group serving customers in the automotive, energy, electronics, industrial and consumer goods markets. The company develops and produces materials used in clean mobility, energy storage, emissions control and other industrial applications, while also recovering valuable metals from industrial residues and end-of-life products.
Its activities include battery materials, such as cathode active materials and related products for rechargeable batteries; automotive and industrial catalyst technologies; and precious-metals refining and recycling.