Umicore (OTCMKTS:UMICY) Shares Gap Up – Still a Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s share 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 changing hands.

Analysts Set New Price Targets

UMICY has been the subject of a number of research analyst reports. Kepler Capital Markets downgraded Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded Umicore to a “hold” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Umicore has a consensus rating of “Moderate Buy”.

Umicore Stock Up 1.6%

The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $6.16 and a 200 day moving average of $5.52.

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.