Umicore (OTCMKTS:UMICY) Trading Down 7.9% – Here’s What Happened

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares traded down 7.9% during trading on Monday . The stock traded as low as $4.52 and last traded at $4.55. 27,539 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 70,118 shares. The stock had previously closed at $4.94.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Umicore to a “strong-buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Umicore Stock Down 8.5%

The stock’s 50 day moving average is $4.49 and its two-hundred day moving average is $3.84.

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.