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

Johnson Matthey PLC (OTCMKTS:JMPLY) gapped down before the market opened on Tuesday . The stock had previously closed at $58.50, but opened at $55.6540. Johnson Matthey shares last traded at $55.55, with a volume of 706 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Zacks Research lowered Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.63. The business’s fifty day moving average price is $55.94 and its 200-day moving average price is $56.71.

Johnson Matthey Company Profile

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.