Umicore (OTCMKTS:UMICY) Shares Gap Down – What’s Next?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped down prior to trading on Thursday . The stock had previously closed at $6.78, but opened at $6.52. Umicore shares last traded at $6.4875, with a volume of 554 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UMICY. Berenberg Bank lowered Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Kepler Capital Markets lowered Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Zacks Research raised Umicore to a “hold” rating in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Umicore Stock Down 3.8%

The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. The firm’s 50 day simple moving average is $6.16 and its two-hundred day simple moving average is $5.82.

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.