Johnson Matthey (OTCMKTS:JMPLY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) saw an uptick in trading volume on Wednesday . 3,878 shares changed hands during mid-day trading, an increase of 391% from the previous session’s volume of 790 shares.The stock last traded at $50.97 and had previously closed at $49.50.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JMPLY. Berenberg Bank upgraded shares of Johnson Matthey from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Johnson Matthey Trading Up 3.0%

The firm’s 50-day moving average price is $58.33 and its 200-day moving average price is $56.54. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.63.

About Johnson Matthey

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.