Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – Time to Sell?

Johnson Matthey PLC (OTCMKTS:JMPLY) gapped down before the market opened on Wednesday . The stock had previously closed at $53.93, but opened at $51.25. Johnson Matthey shares last traded at $51.11, with a volume of 2,500 shares.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Zacks Research cut Johnson Matthey from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Johnson Matthey Trading Down 6.2%

The company has a quick ratio of 1.21, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $56.21 and its 200-day moving average is $56.89.

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.