Umicore (OTCMKTS:UMICY) Shares Gap Down – What’s Next?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.9075, but opened at $5.66. Umicore shares last traded at $5.6790, with a volume of 157,514 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Umicore from a “buy” rating to a “neutral” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Umicore in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Umicore presently has a consensus rating of “Hold”.

Umicore Stock Down 3.2%

The stock has a 50 day moving average of $5.37 and a 200-day moving average of $4.66.

About Umicore

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.