Umicore (OTCMKTS:UMICY) Shares Gap Up – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $6.55, but opened at $7.46. Umicore shares last traded at $7.5050, with a volume of 3,853 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Umicore presently has an average rating of “Moderate Buy”.

Umicore Stock Performance

The business’s 50-day moving average is $5.04 and its two-hundred day moving average is $5.10. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.35 and a quick ratio of 0.75.

Umicore Company Profile

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.