Umicore (OTCMKTS:UMICY) Hits New 52-Week High – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.6250 and last traded at $7.6250, with a volume of 11577 shares changing hands. The stock had previously closed at $7.54.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research raised Umicore to a “hold” rating in a research note on Tuesday, May 19th. The Goldman Sachs Group raised Umicore from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Umicore has an average rating of “Moderate Buy”.

Umicore Stock Performance

The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average price is $5.45 and its 200-day moving average price is $5.26.

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.