Umicore (OTCMKTS:UMICY) Shares Gap Up – Still a Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares gapped up before the market opened on Friday . The stock had previously closed at $5.69, but opened at $6.14. Umicore shares last traded at $6.12, with a volume of 432 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UMICY shares. Kepler Capital Markets cut Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Berenberg Bank cut Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a report on Friday, June 19th. Finally, Zacks Research upgraded Umicore to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Umicore Stock Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 1.35. The firm’s 50 day moving average price is $6.29 and its 200-day moving average price is $5.74.

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.