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

Johnson Matthey PLC (OTCMKTS:JMPLY) shares saw strong trading volume on Tuesday . 1,403 shares were traded during trading, an increase of 77% from the previous session’s volume of 791 shares.The stock last traded at $57.8285 and had previously closed at $56.35.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research report on Wednesday, January 21st. Berenberg Bank raised Johnson Matthey from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Johnson Matthey Trading Up 3.2%

The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $52.83 and a 200 day simple moving average of $56.52.

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.