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

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $5.42, but opened at $5.73. Umicore shares last traded at $5.7375, with a volume of 1,324 shares trading hands.

Wall Street Analysts Forecast Growth

UMICY has been the topic of several recent research reports. Berenberg Bank lowered Umicore from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Kepler Capital Markets lowered Umicore from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 11th. Zacks Research upgraded Umicore to a “hold” rating in a report on Tuesday, May 19th. The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Umicore in a research note on Friday, June 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Umicore Stock Up 1.1%

The company has a fifty day moving average of $6.49 and a 200-day moving average of $5.73. 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.