Umicore (OTCMKTS:UMICY) Shares Gap Down – Time to Sell?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares gapped down before the market opened on Monday . The stock had previously closed at $6.76, but opened at $6.2480. Umicore shares last traded at $6.22, with a volume of 4,790 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UMICY shares. The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Umicore in a report on Friday. Zacks Research upgraded shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. Finally, Kepler Capital Markets cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Umicore Stock Down 7.5%

The business has a 50-day simple moving average of $6.31 and a two-hundred day simple moving average of $5.59. 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.