Umicore (OTCMKTS:UMICY) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Shares of Umicore SA (OTCMKTS:UMICY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.28 and traded as low as $2.26. Umicore shares last traded at $2.31, with a volume of 14,427 shares.

Wall Street Analyst Weigh In

Separately, Oddo Bhf raised shares of Umicore to a “neutral” rating in a research note on Thursday, April 3rd.

Umicore Stock Down 0.2%

The firm’s 50 day moving average is $2.28 and its 200 day moving average is $2.48.

Umicore Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.0345 dividend. This represents a dividend yield of 3.32%. The ex-dividend date was Tuesday, April 29th. Umicore’s payout ratio is 40.18%.

About Umicore

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.