Umicore (OTCMKTS:UMICY) Sets New 12-Month High - Here's What Happened

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $4.22 and last traded at $4.22, with a volume of 1554 shares. The stock had previously closed at $4.14.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Cfra Research upgraded shares of Umicore from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, July 2nd. Jefferies Financial Group raised shares of Umicore to a "buy" rating in a research report on Monday, June 16th. Oddo Bhf upgraded shares of Umicore to a "neutral" rating in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group raised Umicore to a "buy" rating in a report on Monday, June 9th.

Umicore Trading Down 1.8%

The firm has a fifty day moving average of $3.00 and a two-hundred day moving average of $2.61. The company has a market cap of $3.95 billion and a PE ratio of 4.85.

Umicore Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.0345 dividend. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a dividend yield of 3.32%.

About Umicore

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.