Johnson Matthey (OTCMKTS:JMPLY) Shares Pass Below Fifty Day Moving Average – What’s Next?

Johnson Matthey PLC (OTCMKTS:JMPLY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $54.44 and traded as low as $53.78. Johnson Matthey shares last traded at $53.78, with a volume of 533 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JMPLY shares. Zacks Research downgraded Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note 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 research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Johnson Matthey Stock Up 2.9%

The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The business’s 50-day simple moving average is $54.44 and its 200-day simple moving average is $56.01.

About Johnson Matthey

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.