Umicore (OTCMKTS:UMICY) Shares Gap Down – Should You Sell?

Shares of Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) gapped down before the market opened on Thursday . The stock had previously closed at $6.4956, but opened at $6.19. Umicore shares last traded at $6.29, with a volume of 3,555 shares.

Wall Street Analysts Forecast Growth

UMICY has been the subject of a number of research reports. The Goldman Sachs Group upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Umicore to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Umicore Stock Up 0.7%

The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.99. The business’s 50-day simple moving average is $6.04 and its 200-day simple moving average is $5.47.

About Umicore

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.