Umicore (OTCMKTS:UMICY) Sees Unusually-High Trading Volume – Here’s What Happened

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) saw unusually-high trading volume on Thursday . Approximately 144,497 shares traded hands during mid-day trading, an increase of 498% from the previous session’s volume of 24,158 shares.The stock last traded at $6.27 and had previously closed at $6.32.

Analysts Set New Price Targets

UMICY has been the subject of several analyst reports. Jefferies Financial Group raised Umicore to a “strong-buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Umicore in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Umicore presently has an average rating of “Moderate Buy”.

Umicore Trading Down 5.9%

The firm’s 50-day simple moving average is $5.18 and its two-hundred day simple moving average is $4.60.

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.