Johnson Matthey (OTCMKTS:JMPLY) Sees Strong Trading Volume – Here’s What Happened

Shares of Johnson Matthey PLC (OTCMKTS:JMPLY) saw unusually-high trading volume on Wednesday . 4,688 shares were traded during trading, an increase of 491% from the previous session’s volume of 793 shares.The stock last traded at $52.14 and had previously closed at $50.92.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Zacks Research cut Johnson Matthey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Johnson Matthey has an average rating of “Moderate Buy”.

Johnson Matthey Stock Up 2.4%

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.21. The firm has a 50-day simple moving average of $56.58 and a 200 day simple moving average of $57.00.

Johnson Matthey Company Profile

Johnson Matthey plc is a UK-based specialty chemicals and sustainable technologies company with a history dating back to 1817. As a public limited company headquartered in London, it has built a global reputation for expertise in platinum group metals (PGMs) and advanced catalytic materials. The company has evolved from its origins in precious metals refining into diversified segments focused on environmental and energy solutions.

The company’s principal business activities encompass the development and manufacture of emission control catalysts for the automotive and industrial sectors, alongside process technologies for chemical production and refining.