Umicore (OTCMKTS:UMICY) Shares Gap Down - Time to Sell?

Key Points

• Umicore shares gapped down from a previous close of $5.11 to open at $4.92, last trading at $4.94 with a total volume of 18,269 shares.
• Analysts have mixed ratings on Umicore, with one research firm raising their rating to a "strong-buy" and others issuing "hold" and "buy" ratings, resulting in an average rating of "Moderate Buy".
• The company's market capitalization is approximately $4.77 billion, with a P/E ratio of 5.86 and moving averages of $4.09 (50-day) and $3.41 (200-day).

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $5.11, but opened at $4.92. Umicore shares last traded at $4.94, with a volume of 18,269 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UMICY. Cfra Research raised 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 "strong-buy" rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Umicore has an average rating of "Moderate Buy".

Umicore Price Performance

The business's 50-day moving average is $4.09 and its 200 day moving average is $3.41. The firm has a market capitalization of $4.77 billion and a P/E ratio of 5.86.

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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