Umicore (OTCMKTS:UMICY) Reaches New 1-Year High - Time to Buy?

Key Points

• Umicore (OTCMKTS:UMICY) reached a new 52-week high of $5.19 on Wednesday, a significant increase from its previous close of $4.93.
• Analysts have upgraded Umicore's stock ratings, with Jefferies Financial Group issuing a "strong-buy" rating and a consensus rating of "Moderate Buy" from multiple research firms.
• The company has a market capitalization of $4.98 billion and a P/E ratio of 6.12, indicating strong potential for future earnings growth.

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $5.19 and last traded at $5.19, with a volume of 5853 shares trading hands. The stock had previously closed at $4.93.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group upgraded Umicore to a "strong-buy" rating in a report on Wednesday, October 8th. Cfra Research raised Umicore from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Umicore Trading Up 5.0%

The stock has a 50-day simple moving average of $4.07 and a two-hundred day simple moving average of $3.39. The firm has a market capitalization of $4.98 billion and a P/E ratio of 6.12.

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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