Umicore (OTCMKTS:UMICY) Sets New 52-Week High – Should You Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $7.6250 and last traded at $7.6250, with a volume of 11577 shares. The stock had previously closed at $7.54.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Umicore to a “hold” rating in a research note on Tuesday, May 19th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Umicore Trading Up 0.8%

The business’s 50 day simple moving average is $5.56 and its 200 day simple moving average is $5.30. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99.

About Umicore

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.