Umicore (OTCMKTS:UMICY) Shares Gap Down – Here’s What Happened

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares gapped down before the market opened on Friday . The stock had previously closed at $4.66, but opened at $4.43. Umicore shares last traded at $4.3865, with a volume of 3,117 shares trading hands.

Analyst Upgrades and Downgrades

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

Umicore Price Performance

The business has a 50-day moving average of $5.45 and a 200-day moving average of $4.88.

Umicore Company Profile

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.