Umicore (OTCMKTS:UMICY) Shares Gap Down – What’s Next?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped down prior to trading on Friday . The stock had previously closed at $5.40, but opened at $5.17. Umicore shares last traded at $5.25, with a volume of 3,241 shares traded.

Wall Street Analysts Forecast Growth

UMICY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Umicore in a report on Tuesday, January 6th. The Goldman Sachs Group cut Umicore from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Umicore Trading Down 2.2%

The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average price of $4.92 and a two-hundred day moving average price of $5.05.

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.