Johnson Matthey (OTCMKTS:JMPLY) Sees Unusually-High Trading Volume – Time to Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY) saw strong trading volume on Wednesday . Approximately 4,688 shares traded hands during trading, an increase of 491% from the previous session’s volume of 793 shares.The stock last traded at $52.14 and had previously closed at $50.92.

Wall Street Analysts Forecast Growth

JMPLY has been the topic of a number of research analyst reports. Zacks Research cut Johnson Matthey from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Johnson Matthey currently has a consensus rating of “Moderate Buy”.

Johnson Matthey Stock Performance

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’s 50 day moving average price is $56.41 and its 200 day moving average price is $56.96.

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.