Cfra Research upgraded shares of Umicore (OTCMKTS:UMICY - Free Report) from a moderate sell rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.
Several other analysts also recently issued reports on the company. Jefferies Financial Group upgraded Umicore to a "buy" rating in a report on Monday, June 16th. Oddo Bhf upgraded Umicore to a "neutral" rating in a report on Thursday, April 3rd. Finally, The Goldman Sachs Group upgraded shares of Umicore to a "buy" rating in a research note on Monday, June 9th.
Read Our Latest Research Report on UMICY
Umicore Trading Down 2.4%
UMICY traded down $0.10 during trading on Wednesday, hitting $4.06. 17,661 shares of the company's stock were exchanged, compared to its average volume of 106,012. Umicore has a 1 year low of $1.96 and a 1 year high of $4.21. The stock has a 50 day moving average price of $2.92 and a 200 day moving average price of $2.59. The firm has a market cap of $3.91 billion and a P/E ratio of 4.80.
Umicore Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.0345 dividend. This represents a yield of 3.32%. The ex-dividend date was Tuesday, April 29th.
Umicore Company Profile
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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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