Umicore (OTCMKTS:UMICY) Hits New 52-Week High – Here’s Why

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $5.2570 and last traded at $5.2570, with a volume of 5031 shares changing hands. The stock had previously closed at $5.22.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Umicore to a “strong-buy” rating in a research report on Wednesday, October 8th. 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. Based on data from MarketBeat, Umicore has a consensus rating of “Moderate Buy”.

Umicore Price Performance

The company has a 50 day moving average price of $4.69 and a 200 day moving average price of $4.29.

About Umicore

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.