Umicore (OTCMKTS:UMICY) Shares Gap Down on Analyst Downgrade

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped down prior to trading on Thursday after Kepler Capital Markets downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $6.4956, but opened at $6.19. Umicore shares last traded at $6.29, with a volume of 3,555 shares trading hands.

Several other analysts have also recently issued reports on UMICY. Zacks Research raised shares of Umicore to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Umicore currently has a consensus rating of “Moderate Buy”.

Umicore Stock Performance

The firm’s fifty day moving average is $6.11 and its 200-day moving average is $5.49. The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99.

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.