Johnson Matthey (OTCMKTS:JMPLY) Sees Strong Trading Volume – Time to Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY) saw unusually-high trading volume on Friday . 3,924 shares changed hands during trading, an increase of 330% from the previous session’s volume of 913 shares.The stock last traded at $51.78 and had previously closed at $51.54.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JMPLY. Zacks Research cut Johnson Matthey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Johnson Matthey Stock Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.21. The firm’s 50 day simple moving average is $56.03 and its 200-day simple moving average is $56.81.

Johnson Matthey Company Profile

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.