Impala Platinum (OTCMKTS:IMPUY) Shares Gap Down - Time to Sell?

Key Points

• Shares gapped down — IMPUY opened at $12.80 after a $13.52 close and was last at $13.08 (down ~1.6%) with about 61,270 shares traded.
• Multiple upgrades have pushed sentiment higher: Morgan Stanley moved to "overweight," Zacks to "strong-buy," and HSBC set a "buy" rating with a $23 price target, leaving a consensus Buy rating and $23 average target.
• The company shows very low leverage and healthy liquidity (debt-to-equity 0.02, current ratio 2.74), but the stock trades below its 50‑day ($18.13) and 200‑day ($14.63) moving averages.

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $13.52, but opened at $12.80. Impala Platinum shares last traded at $13.08, with a volume of 61,270 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Impala Platinum to an "overweight" rating in a research note on Friday, January 23rd. Zacks Research upgraded Impala Platinum from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 19th. Finally, HSBC set a $23.00 price objective on Impala Platinum and gave the company a "buy" rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $23.00.

Impala Platinum Stock Down 1.6%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.23 and a current ratio of 2.74. The stock's 50-day simple moving average is $18.13 and its 200 day simple moving average is $14.63.

Impala Platinum Company Profile

Impala Platinum OTCMKTS: IMPUY is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.

The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.