Umicore (OTCMKTS:UMICY) Sees Unusually-High Trading Volume – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw strong trading volume on Thursday . 11,396 shares traded hands during mid-day trading, a decline of 0% from the previous session’s volume of 11,400 shares.The stock last traded at $5.57 and had previously closed at $5.60.

Analyst Upgrades and Downgrades

Several research firms recently commented on UMICY. Jefferies Financial Group raised Umicore to a “strong-buy” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Umicore in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Umicore Stock Down 1.3%

The stock has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $4.46.

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.