Johnson Matthey (OTCMKTS:JMPLY) Sees Large Volume Increase – Time to Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY) shares saw strong trading volume on Thursday . Approximately 4,223 shares changed hands during trading, an increase of 338% from the previous session’s volume of 965 shares.The stock last traded at $51.47 and had previously closed at $51.42.

Wall Street Analyst Weigh In

JMPLY has been the subject of a number of research analyst reports. Zacks Research cut shares of Johnson Matthey from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Johnson Matthey Price Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.21. The business has a 50-day moving average price of $55.65 and a two-hundred day moving average price of $56.63.

Johnson Matthey Company Profile

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.