Johnson Matthey (OTCMKTS:JMPLY) Sees Strong Trading Volume – Time to Buy?

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) saw an uptick in trading volume on Friday. 7,741 shares were traded during trading, an increase of 713% from the previous session’s volume of 952 shares. The stock last traded at $65.30 and had previously closed at $64.71.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JMPLY. Jefferies Financial Group upgraded Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research note on Monday, September 21st. Finally, Zacks Research raised Johnson Matthey from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Johnson Matthey presently has a consensus rating of “Buy”.

Johnson Matthey Stock Up 1.2%

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.21 and a current ratio of 1.56. The business’s 50 day simple moving average is $60.89 and its 200-day simple moving average is $56.72.

About Johnson Matthey

Johnson Matthey plc is a United Kingdom-based specialty chemicals and sustainable technologies company. Founded in 1817, the company develops materials, catalysts and related technologies designed to support cleaner air, more efficient industrial processes and the transition to lower-carbon energy systems.

Its activities include emissions-control technologies for vehicles and industrial applications, platinum group metal refining and recycling, and catalyst technologies used in chemical manufacturing.