Umicore (OTCMKTS:UMICY) Shares Gap Up - Here's Why

Key Points

• Umicore's shares opened at $4.00 after a gap up, rising from the previous close of $3.87, and last traded at $4.01.
• The stock has received upgrades from various analysts, with Goldman Sachs and Jefferies Financial Group both rating it as a "buy".
• Umicore operates in materials technology and recycling, with a market capitalization of $3.84 billion and a price-to-earnings ratio of 4.72.

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.87, but opened at $4.00. Umicore shares last traded at $4.01, with a volume of 2,509 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UMICY shares. The Goldman Sachs Group raised Umicore to a "buy" rating in a report on Monday, June 9th. Jefferies Financial Group raised Umicore to a "buy" rating in a report on Monday, June 16th. Finally, Cfra Research raised Umicore from a "moderate sell" rating to a "hold" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Umicore Stock Performance

The firm has a market capitalization of $3.84 billion and a price-to-earnings ratio of 4.72. The company has a 50 day moving average price of $4.01 and a two-hundred day moving average price of $3.18.

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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