Johnson Matthey (OTCMKTS:JMPLY) Trading Down 7.7% – What’s Next?

Johnson Matthey PLC (OTCMKTS:JMPLY)’s stock price fell 7.7% on Tuesday . The stock traded as low as $50.75 and last traded at $50.75. 420 shares changed hands during trading, a decline of 46% from the average session volume of 771 shares. The stock had previously closed at $54.9680.

Analysts Set New Price Targets

A number of brokerages have issued reports on JMPLY. Zacks Research lowered shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Johnson Matthey presently has a consensus rating of “Moderate Buy”.

Johnson Matthey Price Performance

The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average is $56.68 and its 200-day moving average is $57.01.

About Johnson Matthey

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.