IMCD (OTCMKTS:IMCDY) Trading 0.8% Higher – Still a Buy?

Shares of IMCD (OTCMKTS:IMCDY) traded up 0.8% on Wednesday . The stock traded as high as $56.76 and last traded at $56.66. 38,794 shares were traded during mid-day trading, a decline of 41% from the average session volume of 65,455 shares. The stock had previously closed at $56.22.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded shares of IMCD from an “overweight” rating to a “cautious” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.50.

IMCD Stock Up 0.9%

The firm’s 50 day moving average is $48.71 and its two-hundred day moving average is $48.10.

About IMCD

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives.