Johnson Matthey (OTCMKTS:JMPLY) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Johnson Matthey's stock price recently crossed above its 200-day moving average, reaching a high of $52.12 before closing at $52.10.
• Analysts have upgraded Johnson Matthey's rating from "strong sell" to "hold", indicating potential stability in the stock's value.
• The company's financial metrics include a debt-to-equity ratio of 0.57, and its 50-day moving average stands at $49.85.

Johnson Matthey PLC (OTCMKTS:JMPLY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.48 and traded as high as $52.12. Johnson Matthey shares last traded at $52.10, with a volume of 484 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on JMPLY shares. Kepler Capital Markets raised Johnson Matthey to a "hold" rating in a research report on Wednesday, June 25th. Zacks Research raised Johnson Matthey from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold".

Johnson Matthey Stock Performance

The stock has a 50 day simple moving average of $49.99 and a 200 day simple moving average of $42.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.42.

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.