Umicore (OTCMKTS:UMICY) Trading Up 5% - Here's What Happened

Key Points

• Umicore's shares rose by 5% on Tuesday, reaching a trading high of $4.04, despite a significant decline in trading volume by 84% compared to the average.
• Recent analyst upgrades include a "buy" rating from both Goldman Sachs and Jefferies Financial Group, indicating positive sentiment towards the stock.
• Umicore has a market cap of $3.87 billion and operates in materials technology and recycling across multiple global regions, focusing on catalysis and battery materials.

Shares of Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report) shot up 5% during trading on Tuesday . The company traded as high as $4.04 and last traded at $4.03. 4,620 shares changed hands during trading, a decline of 84% from the average session volume of 29,689 shares. The stock had previously closed at $3.84.

Analysts Set New Price Targets

UMICY has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of 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 upgraded Umicore from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, July 2nd.

Umicore Stock Performance

The stock has a fifty day simple moving average of $3.71 and a two-hundred day simple moving average of $2.83. The stock has a market cap of $3.87 billion and a PE ratio of 4.76.

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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