Umicore (OTCMKTS:UMICY) Downgraded by Kepler Capital Markets to “Hold”

Kepler Capital Markets downgraded shares of Umicore (OTCMKTS:UMICY) from a strong-buy rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

A number of other analysts also recently weighed in on UMICY. The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Zacks Research upgraded Umicore to a “hold” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Umicore Stock Up 3.5%

Shares of Umicore stock opened at $6.42 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $6.08 and a two-hundred day moving average price of $5.48. Umicore has a 1-year low of $3.22 and a 1-year high of $7.68.

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.