Umicore (OTCMKTS:UMICY) Reaches New 12-Month High – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $6.39 and last traded at $6.33, with a volume of 71444 shares trading hands. The stock had previously closed at $6.12.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Umicore in a report on Tuesday, January 6th. Jefferies Financial Group upgraded Umicore to a “strong-buy” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Umicore Trading Up 3.4%

The stock has a fifty day moving average of $5.02 and a 200-day moving average of $4.55.

Umicore Company Profile

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.