Johnson Matthey (OTCMKTS:JMPLY) Stock Price Up 0.8% - Still a Buy?

Key Points

• Shares of Johnson Matthey PLC increased by 0.8% on Friday, trading at $47.32 with a significant rise in volume—up 536% from the average.
• The company recently increased its dividend to $1.4549, yielding a remarkable 418.0%, with an ex-dividend date set for June 6th.
• Kepler Capital Markets has upgraded Johnson Matthey to a "hold" rating, signaling potential stability in the stock's performance.

Johnson Matthey PLC (OTCMKTS:JMPLY - Get Free Report) shot up 0.8% during trading on Friday . The stock traded as high as $47.63 and last traded at $47.32. 4,002 shares changed hands during mid-day trading, an increase of 536% from the average session volume of 630 shares. The stock had previously closed at $46.95.

Wall Street Analysts Forecast Growth

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

Johnson Matthey Stock Up 0.2%

The stock's 50-day moving average price is $48.15 and its 200 day moving average price is $40.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.42 and a quick ratio of 1.01.

Johnson Matthey Increases Dividend

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

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.