Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Up – Here’s What Happened

Johnson Matthey PLC (OTCMKTS:JMPLY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $56.3450, but opened at $59.67. Johnson Matthey shares last traded at $59.64, with a volume of 610 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on JMPLY. Zacks Research downgraded Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Johnson Matthey currently has a consensus rating of “Moderate Buy”.

Johnson Matthey Price Performance

The business has a fifty day moving average of $56.37 and a 200 day moving average of $56.85. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.63.

About Johnson Matthey

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.