Umicore (OTCMKTS:UMICY) Reaches New 12-Month High – Here’s What Happened

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $5.78 and last traded at $5.78, with a volume of 11811 shares changing hands. The stock had previously closed at $5.4850.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group upgraded Umicore to a “strong-buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Umicore in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Umicore has a consensus rating of “Moderate Buy”.

Umicore Price Performance

The company’s 50-day moving average is $4.92 and its 200-day moving average is $4.50.

Umicore Company Profile

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.