Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up – Should You Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $62.25, but opened at $65.87. Johnson Matthey shares last traded at $65.87, with a volume of 301 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Zacks Research raised Johnson Matthey from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Johnson Matthey Trading Up 1.9%

The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average is $57.91 and its 200 day moving average is $55.62.

Johnson Matthey Company Profile

Johnson Matthey plc is a United Kingdom-based specialty chemicals and sustainable technologies company. The group develops and manufactures catalysts, chemicals and materials that support cleaner air, lower-carbon industrial processes and the efficient use of precious metals. Its technologies serve customers in the automotive, chemical, energy, pharmaceutical and industrial sectors.

The company’s activities include emissions-control catalysts for vehicles and industrial applications, precious-metal refining and recycling, and catalyst technologies used in chemical and hydrogen-related processes.