IMCD (OTC:IMCDY) Trading Down 3.8% – Should You Sell?

IMCD (OTC:IMCDY) was down 3.8% during mid-day trading on Friday . The company traded as low as $45.61 and last traded at $45.64. Approximately 28,174 shares were traded during trading, an increase of 40% from the average daily volume of 20,092 shares. The stock had previously closed at $47.45.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. BNP Paribas assumed coverage on shares of IMCD in a research note on Monday, October 20th. They issued an “outperform” rating and a $72.50 target price on the stock. Morgan Stanley raised shares of IMCD from an “equal weight” rating to an “overweight” rating in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $72.50.

IMCD Trading Down 3.8%

The business’s fifty day simple moving average is $52.36 and its 200 day simple moving average is $59.61.

About IMCD

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives.