Umicore (OTCMKTS:UMICY) Sets New 1-Year High – Still a Buy?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICYGet Free Report) hit a new 52-week high on Monday . The company traded as high as $5.5525 and last traded at $5.5525, with a volume of 461 shares traded. The stock had previously closed at $5.2125.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Umicore in a report on Tuesday. Jefferies Financial Group upgraded shares of Umicore to a “strong-buy” rating in a research 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 three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on UMICY

Umicore Price Performance

The stock’s 50 day moving average price is $4.75 and its 200 day moving average price is $4.37.

Umicore Company Profile

(Get Free Report)

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.

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