Impala Platinum (OTCMKTS:IMPUY) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.20 and traded as low as $11.22. Impala Platinum shares last traded at $11.36, with a volume of 228,066 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.00.

Impala Platinum Stock Performance

The stock has a fifty day moving average of $12.20 and a 200 day moving average of $15.23. The company has a current ratio of 2.93, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01.

About Impala Platinum

Impala Platinum (OTCMKTS:IMPUY) is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.

The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.