Umicore (OTCMKTS:UMICY) Shares Gap Up – Should You Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.4950, but opened at $6.93. Umicore shares last traded at $6.96, with a volume of 1,464 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UMICY shares. Zacks Research upgraded shares of Umicore to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. Finally, Kepler Capital Markets lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Umicore Stock Down 2.6%

The company has a 50 day moving average of $6.24 and a two-hundred day moving average of $5.56. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99.

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.