Johnson Matthey (OTCMKTS:JMPLY) Reaches New 52-Week High – Should You Buy?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) hit a new 52-week high on Thursday . The company traded as high as $63.86 and last traded at $63.56, with a volume of 291 shares trading hands. The stock had previously closed at $63.21.

Analyst Upgrades and Downgrades

JMPLY has been the subject of a number of recent research reports. 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 reissued a “neutral” rating on shares of Johnson Matthey in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research report on Wednesday. Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a report on Thursday, October 9th. Finally, Berenberg Bank raised shares of Johnson Matthey from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Johnson Matthey has a consensus rating of “Moderate Buy”.

Johnson Matthey Price Performance

The company’s 50-day simple moving average is $56.98 and its 200 day simple moving average is $54.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.28.

Johnson Matthey Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, December 2nd will be given a $0.5561 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 394.0%.

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.