Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – Time to Sell?

Johnson Matthey PLC (OTCMKTS:JMPLY) gapped down before the market opened on Wednesday . The stock had previously closed at $53.93, but opened at $51.25. Johnson Matthey shares last traded at $51.11, with a volume of 2,500 shares traded.

Analyst Ratings Changes

JMPLY has been the topic of several recent analyst reports. Zacks Research downgraded shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Two equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Johnson Matthey Trading Up 1.9%

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.21 and a current ratio of 1.56. The business has a 50 day moving average price of $56.03 and a 200 day moving average price of $56.81.

About Johnson Matthey

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.