Umicore (OTCMKTS:UMICY) Stock Price Passes Below 50-Day Moving Average - Should You 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.

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report)'s share price passed 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 changing hands.

Wall Street Analysts Forecast Growth

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

Umicore Price Performance

The firm has a 50-day simple moving average of $4.07 and a 200-day simple moving average of $3.04. The firm has a market capitalization of $3.67 billion and a PE ratio of 4.52.

About Umicore

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.