Umicore (OTCMKTS:UMICY) Shares Gap Down – Should You Sell?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped down before the market opened on Friday . The stock had previously closed at $5.1765, but opened at $4.8780. Umicore shares last traded at $4.8830, with a volume of 2,896 shares trading hands.

Analyst Upgrades and Downgrades

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

Umicore Stock Performance

The stock’s fifty day moving average price is $5.57 and its two-hundred day moving average price is $4.82.

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.