Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up After Analyst Upgrade

Johnson Matthey PLC (OTCMKTS:JMPLY)’s share price gapped up before the market opened on Wednesday after Jefferies Financial Group upgraded the stock to a strong-buy rating. The stock had previously closed at $53.70, but opened at $58.35. Johnson Matthey shares last traded at $58.35, with a volume of 434 shares trading hands.

Other equities research analysts have also recently issued research reports about the company. Zacks Research raised Johnson Matthey from a “strong sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Johnson Matthey currently has an average rating of “Buy”.

Johnson Matthey Stock Performance

The firm has a 50 day moving average of $54.04 and a 200 day moving average of $55.73. 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.