Johnson Matthey (OTCMKTS:JMPLY) Sees Strong Trading Volume – Still a Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY) shares saw strong trading volume on Friday . Approximately 3,924 shares traded hands during mid-day trading, an increase of 330% from the previous session’s volume of 913 shares.The stock last traded at $51.78 and had previously closed at $51.54.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JMPLY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Zacks Research downgraded Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Johnson Matthey Stock Up 0.5%

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