Umicore (OTCMKTS:UMICY) Sees Unusually-High Trading Volume – Still a Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw unusually-strong trading volume on Thursday . 149,026 shares traded hands during trading, an increase of 300% from the previous session’s volume of 37,283 shares.The stock last traded at $6.69 and had previously closed at $6.6210.

Analyst Ratings Changes

Several equities research analysts have recently commented on UMICY shares. Kepler Capital Markets cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. Berenberg Bank cut Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Zacks Research upgraded Umicore to a “hold” rating in a report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a research report on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Umicore Price Performance

The business’s 50-day moving average is $6.19 and its 200-day moving average is $5.89. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 1.35.

Umicore Company Profile

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.