Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY – Get Free Report) dropped 9.2% on Tuesday. The company traded as low as $5.11 and last traded at $5.11. Approximately 1,361 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 36,210 shares. The stock had previously closed at $5.63.
Wall Street Analyst Weigh In
Separately, Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.
Read Our Latest Analysis on Umicore
Umicore Price Performance
The company has a 50 day simple moving average of $6.29 and a 200-day simple moving average of $6.14.
About Umicore
Umicore is a Belgium-based materials technology and recycling company serving customers worldwide. The company develops and produces materials used in transportation, energy storage, electronics, chemicals and other industrial applications, with an emphasis on sustainability, resource efficiency and the circular economy.
Its activities include battery materials, such as cathode materials and related solutions for rechargeable batteries; automotive and industrial catalysts; and specialty materials used in electronics and other high-technology applications.
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