Umicore (OTCMKTS:UMICY) Sees Unusually-High Trading Volume – Still a Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares saw unusually-strong trading volume on Friday . 57,172 shares were traded during mid-day trading, an increase of 64% from the previous session’s volume of 34,796 shares.The stock last traded at $5.48 and had previously closed at $5.4350.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UMICY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research note on Friday, June 19th. The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Zacks Research upgraded Umicore to a “hold” rating in a research note on Tuesday, May 19th. Berenberg Bank cut 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 report on Thursday, June 11th. One 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Umicore Trading Up 0.8%

The business’s 50-day simple moving average is $6.55 and its two-hundred day simple moving average is $5.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75.

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.