Umicore (OTCMKTS:UMICY) Trading Up 5.7% - Still a Buy?

Key Points

• Umicore shares increased by 5.7% on Thursday, trading at $4.17 after closing at $3.94, with a significant drop in trading volume.
• Analysts have given mixed ratings for Umicore, with two analysts rating it as a Buy and two as a Hold, resulting in an average rating of "Moderate Buy."
• The company operates as a materials technology and recycling firm with a market capitalization of $4.00 billion and a PE ratio of 4.91.

Umicore S.A. - Unsponsored ADR (OTCMKTS:UMICY - Get Free Report) shares were up 5.7% on Thursday . The company traded as high as $4.17 and last traded at $4.17. Approximately 5,512 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 78,852 shares. The stock had previously closed at $3.94.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UMICY shares. 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 given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Umicore Price Performance

The firm's 50 day moving average is $3.99 and its 200 day moving average is $3.19. The company has a market capitalization of $4.00 billion and a PE ratio of 4.91.

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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