Johnson Matthey (OTCMKTS:JMPLY) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $54.44 and traded as low as $53.78. Johnson Matthey shares last traded at $53.78, with a volume of 533 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JMPLY. Zacks Research lowered Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report 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 investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $54.32 and its 200-day simple moving average is $55.99.

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.