Umicore (OTCMKTS:UMICY) Reaches New 12-Month High – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.39 and last traded at $6.33, with a volume of 71444 shares changing hands. The stock had previously closed at $6.12.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Umicore to a “strong-buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Umicore in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Umicore has an average rating of “Moderate Buy”.

Umicore Stock Up 3.4%

The stock has a fifty day moving average of $5.02 and a 200-day moving average of $4.55.

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.