Johnson Matthey (OTCMKTS:JMPLY) Sees Large Volume Increase – Here’s What Happened

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) saw unusually-strong trading volume on Friday . Approximately 2,399 shares traded hands during mid-day trading, an increase of 183% from the previous session’s volume of 849 shares.The stock last traded at $63.11 and had previously closed at $63.35.

Wall Street Analyst Weigh In

JMPLY has been the topic of several research reports. Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a research note on Thursday, October 9th. Zacks Research cut shares of Johnson Matthey from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Citigroup restated a “neutral” rating on shares of Johnson Matthey in a research report on Tuesday, October 21st. Finally, Berenberg Bank upgraded Johnson Matthey from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Johnson Matthey Trading Down 0.9%

The business has a fifty day moving average of $56.60 and a 200-day moving average of $53.77. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.63.

Johnson Matthey Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, December 2nd will be issued a dividend of $0.5561 per share. This represents a dividend yield of 394.0%. The ex-dividend date is Monday, December 1st.

About Johnson Matthey

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.