Johnson Matthey (OTCMKTS:JMPLY) Sees Strong Trading Volume – Time to Buy?

Johnson Matthey PLC (OTCMKTS:JMPLY) saw unusually-strong trading volume on Tuesday . 784 shares traded hands during trading, a decline of 25% from the previous session’s volume of 1,043 shares.The stock last traded at $58.89 and had previously closed at $59.05.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research upgraded Johnson Matthey from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Finally, Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Johnson Matthey Trading Up 0.2%

The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $54.10 and a two-hundred day moving average price of $55.68.

About Johnson Matthey

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.