Umicore (OTCMKTS:UMICY) Shares Gap Up - Still a Buy?

Key Points

• Umicore shares opened at $4.97, up from a previous close of $4.68, with a current trading price of $4.94.
• Analysts have upgraded their ratings on Umicore, with Jefferies Financial Group rating it a "buy" and Cfra Research upgrading it to a "hold," resulting in an average rating of "Moderate Buy".
• Umicore has a market capitalization of $4.65 billion and a PE ratio of 5.72, with significant activity across materials technology and recycling sectors globally.

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.68, but opened at $4.97. Umicore shares last traded at $4.94, with a volume of 28,229 shares changing hands.

Wall Street Analysts Forecast Growth

UMICY has been the subject of several recent research reports. Jefferies Financial Group upgraded Umicore to a "buy" rating in a research note on Monday, June 16th. Cfra Research raised shares of 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 company. Based on data from MarketBeat, Umicore currently has an average rating of "Moderate Buy".

Umicore Stock Performance

The company has a market capitalization of $4.65 billion and a PE ratio of 5.72. The firm's 50-day simple moving average is $4.00 and its 200 day simple moving average is $3.32.

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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