Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – What’s Next?

Johnson Matthey PLC (OTCMKTS:JMPLY) gapped down before the market opened on Monday . The stock had previously closed at $56.10, but opened at $50.90. Johnson Matthey shares last traded at $50.90, with a volume of 146 shares trading hands.

Wall Street Analyst Weigh In

JMPLY has been the topic of a number of recent analyst reports. Zacks Research lowered Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Johnson Matthey Trading Down 7.4%

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.21. The business’s 50 day moving average price is $56.78 and its 200-day moving average price is $57.03.

About Johnson Matthey

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.