Umicore (OTCMKTS:UMICY) Shares Gap Up – Still a Buy?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped up prior to trading on Tuesday . The stock had previously closed at $6.4950, but opened at $6.93. Umicore shares last traded at $6.96, with a volume of 1,464 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UMICY shares. Zacks Research raised Umicore to a “hold” rating in a research note on Tuesday, May 19th. Kepler Capital Markets lowered Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Umicore Stock Up 1.6%

The company has a 50 day moving average of $6.16 and a 200 day moving average of $5.52. 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.