IMCD (OTC:IMCDY) Trading Down 3.5% – Should You Sell?

IMCD (OTC:IMCDY) dropped 3.5% during mid-day trading on Thursday . The company traded as low as $54.0875 and last traded at $54.5160. Approximately 20,847 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 57,024 shares. The stock had previously closed at $56.47.

Analyst Ratings Changes

Several research analysts have recently commented on IMCDY shares. Morgan Stanley lowered shares of IMCD from an “overweight” rating to a “cautious” rating in a research note on Tuesday, January 6th. BNP Paribas Exane began coverage on shares of IMCD in a research report on Monday, October 20th. They set an “outperform” rating and a $72.50 target price on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, IMCD presently has an average rating of “Hold” and an average target price of $72.50.

IMCD Stock Performance

The company’s fifty day moving average is $46.44 and its 200-day moving average is $50.22.

IMCD Company Profile

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives.