Umicore (OTCMKTS:UMICY) Shares Pass Below 50-Day Moving Average - Time to Sell?

Key Points

• Umicore's share price fell below its 50-day moving average of $4.07, trading as low as $3.79, with its last price at $3.82.
• Several analysts have raised Umicore's stock rating, with Goldman Sachs and Jefferies both assigning it a "buy" rating, resulting in an average rating of "Moderate Buy."
• Umicore holds a market capitalization of $3.67 billion and a PE ratio of 4.52, indicating its valuation in the market.

Shares of Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.07 and traded as low as $3.79. Umicore shares last traded at $3.82, with a volume of 2,921 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Umicore to a "buy" rating in a research note on Monday, June 9th. Cfra Research raised shares of Umicore from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, July 2nd. Finally, Jefferies Financial Group raised shares of Umicore to a "buy" rating in a research note on Monday, June 16th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Umicore currently has a consensus rating of "Moderate Buy".

Umicore Trading Down 0.3%

The stock's 50 day moving average price is $4.07 and its 200 day moving average price is $3.08. The company has a market cap of $3.71 billion and a price-to-earnings ratio of 4.56.

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.