Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down - What's Next?

Key Points

• Johnson Matthey's share price gapped down from $49.90 to $47.04 prior to trading, reflecting a 5.7% drop during the session.
• Kepler Capital Markets upgraded Johnson Matthey to a "hold" rating, indicating a shift in analyst sentiment.
• The company announced an increase in its dividend to $1.4549 per share, up from the previous $0.54, yielding 4.18%.

Johnson Matthey PLC (OTCMKTS:JMPLY - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $49.90, but opened at $47.04. Johnson Matthey shares last traded at $47.04, with a volume of 219 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised shares of Johnson Matthey to a "hold" rating in a research note on Wednesday, June 25th.

Johnson Matthey Stock Down 1.7%

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.42. The firm's 50-day moving average is $48.09 and its 200 day moving average is $39.75.

Johnson Matthey Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, June 9th will be given a $1.4549 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from Johnson Matthey's previous dividend of $0.54. This represents a dividend yield of 418.0%.

About Johnson Matthey

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.