Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – Here’s What Happened

Johnson Matthey PLC (OTCMKTS:JMPLY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $53.93, but opened at $51.25. Johnson Matthey shares last traded at $51.11, with a volume of 2,500 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on JMPLY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a report on Friday, May 29th. Zacks Research lowered shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Johnson Matthey currently has an average rating of “Moderate Buy”.

Johnson Matthey Trading Down 6.2%

The stock has a 50-day moving average of $56.21 and a 200 day moving average of $56.89. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.21.

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.