Umicore (OTCMKTS:UMICY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw unusually-strong trading volume on Monday . 52,515 shares were traded during trading, an increase of 41% from the previous session’s volume of 37,283 shares.The stock last traded at $6.08 and had previously closed at $6.44.

Analysts Set New Price Targets

UMICY has been the topic of several recent research reports. Berenberg Bank lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Kepler Capital Markets cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. Finally, Zacks Research raised Umicore to a “hold” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Umicore Trading Up 0.2%

The company has a 50 day simple moving average of $6.30 and a 200 day simple moving average of $5.96. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75.

Umicore Company Profile

Umicore is a Belgium-based materials technology and recycling group serving customers in the automotive, energy, electronics, industrial and consumer goods markets. The company develops and produces materials used in clean mobility, energy storage, emissions control and other industrial applications, while also recovering valuable metals from industrial residues and end-of-life products.

Its activities include battery materials, such as cathode active materials and related products for rechargeable batteries; automotive and industrial catalyst technologies; and precious-metals refining and recycling.