Johnson Matthey (OTCMKTS:JMPLY) Shares Down 7.7% – What’s Next?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) were down 7.7% on Tuesday . The stock traded as low as $50.75 and last traded at $50.75. 420 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 771 shares. The stock had previously closed at $54.9680.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a report on Friday, May 29th. Zacks Research cut shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Johnson Matthey Trading Up 2.4%

The firm has a 50 day simple moving average of $56.51 and a two-hundred day simple moving average of $56.98. The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66.

Johnson Matthey Company Profile

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.