Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – Here’s What Happened

Johnson Matthey PLC (OTCMKTS:JMPLY) gapped down before the market opened on Friday . The stock had previously closed at $61.47, but opened at $56.34. Johnson Matthey shares last traded at $47.82, with a volume of 5,961 shares changing hands.

Wall Street Analysts Forecast Growth

JMPLY has been the topic of several analyst reports. Jefferies Financial Group raised shares of Johnson Matthey to a “strong-buy” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Johnson Matthey Trading Down 20.5%

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 has a 50 day simple moving average of $54.26 and a 200 day simple moving average of $55.61.

Johnson Matthey Company Profile

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.