Umicore (OTCMKTS:UMICY) Reaches New 52-Week High – Should You Buy?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.52 and last traded at $6.41, with a volume of 963 shares. The stock had previously closed at $6.10.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Umicore Stock Up 0.5%

The company’s 50 day moving average price is $5.04 and its 200-day moving average price is $5.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 1.35.

About Umicore

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.