Umicore (OTCMKTS:UMICY) Shares Gap Down – Should You Sell?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $7.6150, but opened at $7.01. Umicore shares last traded at $7.00, with a volume of 607 shares trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Umicore Stock Down 5.7%

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75. The stock’s 50 day simple moving average is $5.93 and its two-hundred day simple moving average is $5.41.

Umicore Company Profile

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.