Umicore (OTCMKTS:UMICY) Stock Price Down 6.9% – Here’s What Happened

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) dropped 6.9% during trading on Wednesday . The company traded as low as $5.9180 and last traded at $5.9180. Approximately 17,456 shares were traded during mid-day trading, a decline of 52% from the average session volume of 36,607 shares. The stock had previously closed at $6.36.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UMICY shares. Zacks Research raised shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. Kepler Capital Markets lowered shares of Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. Berenberg Bank cut shares of Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group raised shares of Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Umicore in a research report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Umicore Stock Up 1.5%

The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average price of $6.39 and a 200 day moving average price of $5.64.

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.