Umicore (OTCMKTS:UMICY) Sees Large Volume Increase – What’s Next?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw an uptick in trading volume on Tuesday . 44,183 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 35,597 shares.The stock last traded at $4.8550 and had previously closed at $5.2220.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UMICY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Umicore in a research report on Tuesday, January 6th. The Goldman Sachs Group cut shares of Umicore from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Umicore Trading Down 6.1%

The company has a 50-day moving average of $5.58 and a 200-day moving average of $4.81.

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.