Umicore (OTCMKTS:UMICY) Shares Gap Down – Should You Sell?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY – Get Free Report)’s share price gapped down prior to trading on Monday. The stock had previously closed at $5.73, but opened at $5.53. Umicore shares last traded at $5.51, with a volume of 900 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered Umicore from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Read Our Latest Analysis on UMICY

Umicore Stock Performance

The company has a 50-day moving average of $6.32 and a 200 day moving average of $6.14.

About Umicore

(Get Free Report)

Umicore is a Belgium-based materials technology and recycling company serving industries involved in clean mobility, renewable energy, electronics and other advanced applications. Its activities focus on developing, producing and recycling materials that support the transition to a lower-carbon economy.

The company’s products and services include battery materials and precursor materials for rechargeable batteries, catalysts for automotive and industrial applications, and specialty materials used in areas such as electronics, energy storage and surface technologies.

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