Umicore (OTCMKTS:UMICY) Hits New 52-Week High - Here's Why

Key Points

• Umicore's stock price reached a new 52-week high of $4.66 during mid-day trading, up from a previous close of $4.44, with a trading volume of 19,436 shares.
• Analysts are optimistic about Umicore's potential, with a consensus rating of "Moderate Buy", as two analysts rated it a Buy and two gave it a Hold rating.
• The company has a market cap of $4.50 billion and operates in materials technology and recycling across various regions, including Europe and North America.

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.66 and last traded at $4.65, with a volume of 19436 shares. The stock had previously closed at $4.44.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UMICY. Jefferies Financial Group upgraded Umicore to a "buy" rating in a report on Monday, June 16th. Cfra Research upgraded Umicore from a "moderate sell" rating to a "hold" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Umicore Price Performance

The stock has a fifty day moving average price of $3.98 and a two-hundred day moving average price of $3.32. The company has a market cap of $4.50 billion and a P/E ratio of 5.53.

Umicore Company Profile

Umicore SA operates as a materials technology and recycling company in Belgium, rest of Europe, the Asia-Pacific, North America, South America, and Africa. It operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment provides automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications, including on-road and non-road vehicles; stationary catalysis for industrial emissions control; and produces precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.

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