Umicore (OTCMKTS:UMICY) Shares Down 0% - Here's Why

Key Points

• Umicore's shares remained stable at $4.84, with trading volume increasing by 8% to 37,338 shares compared to the average daily volume.
• Recent analyst upgrades include a shift from a "moderate sell" to a "hold" rating from Cfra Research, and a "strong-buy" rating from Jefferies Financial Group.
• Umicore has a market capitalization of $4.66 billion and operates across multiple segments including Catalysis, Energy & Surface Technologies, and Recycling.

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report) dropped 0% during mid-day trading on Wednesday . The stock traded as low as $4.81 and last traded at $4.84. Approximately 37,338 shares traded hands during trading, an increase of 8% from the average daily volume of 34,481 shares. The stock had previously closed at $4.84.

Analyst Ratings Changes

UMICY has been the topic of several recent research reports. 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 upgraded shares of Umicore to a "strong-buy" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Umicore currently has an average rating of "Moderate Buy".

Umicore Stock Performance

The stock's 50 day simple moving average is $4.18 and its 200 day simple moving average is $3.49. The firm has a market capitalization of $4.66 billion and a P/E ratio of 5.72.

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.

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