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

Johnson Matthey PLC (OTCMKTS:JMPLY) saw strong trading volume on Thursday . 1,651 shares were traded during trading, an increase of 72% from the previous session’s volume of 960 shares.The stock last traded at $61.50 and had previously closed at $63.97.

Analysts Set New Price Targets

JMPLY has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research note on Monday. Finally, Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Johnson Matthey Trading Down 2.4%

The firm’s 50-day moving average price is $58.38 and its 200-day moving average price is $55.76. The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.

About Johnson Matthey

Johnson Matthey plc is a United Kingdom-based specialty chemicals and sustainable technologies company. The group develops and manufactures catalysts, chemicals and materials that support cleaner air, lower-carbon industrial processes and the efficient use of precious metals. Its technologies serve customers in the automotive, chemical, energy, pharmaceutical and industrial sectors.

The company’s activities include emissions-control catalysts for vehicles and industrial applications, precious-metal refining and recycling, and catalyst technologies used in chemical and hydrogen-related processes.