Umicore (OTCMKTS:UMICY) Shares Down 1.2% – Time to Sell?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares dropped 1.2% during trading on Tuesday . The stock traded as low as $5.07 and last traded at $5.0980. Approximately 17,175 shares traded hands during trading, a decline of 29% from the average daily volume of 24,137 shares. The stock had previously closed at $5.16.

Analyst Ratings Changes

UMICY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Umicore in a research note on Tuesday, January 6th. The Goldman Sachs Group cut shares of Umicore from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Umicore Stock Down 2.4%

The business’s 50 day simple moving average is $4.97 and its 200 day simple moving average is $5.03. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75.

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.