Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up – Here’s Why

Johnson Matthey PLC (OTCMKTS:JMPLY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $53.70, but opened at $58.35. Johnson Matthey shares last traded at $58.35, with a volume of 434 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on JMPLY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Zacks Research upgraded shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Johnson Matthey Trading Up 8.7%

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 stock has a 50-day moving average price of $54.06 and a 200 day moving average price of $55.80.

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.