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

Johnson Matthey PLC (OTCMKTS:JMPLY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $51.59, but opened at $53.8668. Johnson Matthey shares last traded at $53.8668, with a volume of 107 shares changing hands.

Analyst Ratings Changes

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

Johnson Matthey Stock Up 4.8%

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.65 and a quick ratio of 1.28. The firm has a fifty day moving average of $55.46 and a 200 day moving average of $56.38.

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.