Umicore (OTCMKTS:UMICY) Shares Gap Down - What's Next?

Key Points

• Shares gapped down: Umicore opened at $5.17 after a $5.40 close and last traded at $5.25 on light volume (3,241 shares).
• Analyst shift: Goldman Sachs downgraded Umicore to a "hold" (Deutsche Bank also holds), and the consensus is one Strong Buy and three Holds for an average rating of "Moderate Buy."
• Financial/technical snapshot: Liquidity metrics are modest (quick ratio 0.75, current ratio 1.35) with debt-to-equity ~0.99 and moving averages at $4.92 (50-day) and $5.05 (200-day).

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $5.40, but opened at $5.17. Umicore shares last traded at $5.25, with a volume of 3,241 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UMICY. The Goldman Sachs Group downgraded Umicore from a "buy" rating to a "hold" rating in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Umicore in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Umicore currently has an average rating of "Moderate Buy".

Umicore Stock Performance

The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average price of $4.92 and a 200 day moving average price of $5.05.

About Umicore

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.

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