Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up – Time to Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $47.08, but opened at $49.50. Johnson Matthey shares last traded at $49.50, with a volume of 368 shares.

Analyst Upgrades and Downgrades

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

Johnson Matthey Stock Performance

The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $58.08 and a 200-day moving average of $56.50.

Johnson Matthey Company Profile

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.