Umicore (OTCMKTS:UMICY) Sees Strong Trading Volume – What’s Next?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares saw strong trading volume on Friday . Approximately 133,588 shares changed hands during trading, an increase of 265% from the previous session’s volume of 36,606 shares.The stock last traded at $6.77 and had previously closed at $6.78.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Zacks Research raised Umicore to a “hold” rating in a research report on Tuesday, May 19th. The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. Berenberg Bank downgraded shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Kepler Capital Markets lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Umicore has an average rating of “Moderate Buy”.

Umicore Trading Down 0.3%

The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. The company has a 50-day simple moving average of $6.16 and a two-hundred day simple moving average of $5.86.

About Umicore

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.