Johnson Matthey (OTCMKTS:JMPLY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) saw unusually-strong trading volume on Thursday . 1,625 shares traded hands during trading, an increase of 62% from the previous session’s volume of 1,006 shares.The stock last traded at $50.67 and had previously closed at $51.83.

Analysts Set New Price Targets

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Zacks Research cut Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Johnson Matthey Stock Up 0.7%

The business’s 50 day moving average price is $54.83 and its 200-day moving average price is $56.31. The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66.

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.