Umicore (OTCMKTS:UMICY) Shares Gap Down – Time to Sell?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped down before the market opened on Tuesday . The stock had previously closed at $4.52, but opened at $4.19. Umicore shares last traded at $4.10, with a volume of 2,871 shares.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Umicore to a “strong-buy” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Umicore currently has a consensus rating of “Moderate Buy”.

Umicore Stock Down 2.6%

The stock’s fifty day simple moving average is $4.52 and its 200 day simple moving average is $3.87.

Umicore Company Profile

Umicore SA operates as a materials technology and recycling company in Belgium, rest of Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment provides automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications, including on-road and non-road vehicles; stationary catalysis for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.