Johnson Matthey (LON:JMAT) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Johnson Matthey PLC (LON:JMAT - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,496.02 ($19.76) and traded as high as GBX 1,826 ($24.12). Johnson Matthey shares last traded at GBX 1,785 ($23.58), with a volume of 494,982 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price on shares of Johnson Matthey from GBX 1,800 ($23.78) to GBX 1,950 ($25.76) and gave the stock a "hold" rating in a research note on Monday, July 21st.

Johnson Matthey Stock Performance

The company has a debt-to-equity ratio of 62.73, a current ratio of 1.45 and a quick ratio of 0.76. The firm has a market capitalization of £2.90 billion, a P/E ratio of 29.50, a P/E/G ratio of 49,242.50 and a beta of 0.95. The stock's 50 day moving average is GBX 1,773.71 and its two-hundred day moving average is GBX 1,503.02.

Johnson Matthey (LON:JMAT - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported GBX 149.20 ($1.97) earnings per share for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. As a group, equities analysts anticipate that Johnson Matthey PLC will post 173.4112903 earnings per share for the current fiscal year.

Johnson Matthey Company Profile

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers' products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet's natural resources.