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

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped down prior to trading on Monday . The stock had previously closed at $5.50, but opened at $5.10. Umicore shares last traded at $5.07, with a volume of 4,967 shares trading hands.

Wall Street Analysts Forecast Growth

UMICY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Umicore in a research report on Tuesday, January 6th. The Goldman Sachs Group downgraded Umicore from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Umicore has an average rating of “Hold”.

Umicore Stock Performance

The company has a 50 day moving average of $5.56 and a 200-day moving average of $4.76.

Umicore Company Profile

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.