Johnson Matthey (OTCMKTS:JMPLY) Sees Unusually-High Trading Volume – Still a Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY) saw unusually-high trading volume on Monday . Approximately 7,099 shares were traded during trading, an increase of 131% from the previous session’s volume of 3,072 shares.The stock last traded at $50.12 and had previously closed at $51.5901.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JMPLY. Jefferies Financial Group upgraded shares of Johnson Matthey to a “strong-buy” rating in a report on Thursday, October 9th. Zacks Research cut shares of Johnson Matthey from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Johnson Matthey in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Johnson Matthey Stock Down 1.8%

The stock’s 50-day moving average price is $55.20 and its two-hundred day moving average price is $50.47. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.42.

Johnson Matthey Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, December 2nd will be paid a $0.5561 dividend. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 394.0%.

Johnson Matthey Company Profile

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.