Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down – Time to Sell?

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $15.85, but opened at $15.00. Impala Platinum shares last traded at $14.65, with a volume of 10,933 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IMPUY shares. Morgan Stanley upgraded Impala Platinum to an “overweight” rating in a research note on Friday, January 23rd. HSBC set a $23.00 price target on shares of Impala Platinum and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Zacks Research raised shares of Impala Platinum from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $23.00.

Impala Platinum Trading Down 6.6%

The company has a 50-day moving average of $18.40 and a 200-day moving average of $14.51. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74.

Impala Platinum Company Profile

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.