Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up – Time to Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $56.3450, but opened at $59.67. Johnson Matthey shares last traded at $59.64, with a volume of 610 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Zacks Research downgraded Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Johnson Matthey Stock Performance

The company’s 50-day moving average is $56.63 and its 200-day moving average is $56.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.28.

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.