Umicore (OTCMKTS:UMICY) Sees Unusually-High Trading Volume – Time to Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares saw unusually-high trading volume on Monday . Approximately 131,665 shares traded hands during trading, an increase of 255% from the previous session’s volume of 37,104 shares.The stock last traded at $6.07 and had previously closed at $6.16.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Umicore in a research note on Friday, June 19th. Kepler Capital Markets cut Umicore from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 11th. Finally, Berenberg Bank downgraded Umicore from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Umicore has an average rating of “Moderate Buy”.

Umicore Trading Up 1.1%

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.75 and a current ratio of 1.35. The stock’s 50-day moving average is $6.35 and its 200-day moving average is $6.00.

About Umicore

Umicore is a Belgium-based materials technology and recycling group serving customers in the automotive, energy, electronics, industrial and consumer goods markets. The company develops and produces materials used in clean mobility, energy storage, emissions control and other industrial applications, while also recovering valuable metals from industrial residues and end-of-life products.

Its activities include battery materials, such as cathode active materials and related products for rechargeable batteries; automotive and industrial catalyst technologies; and precious-metals refining and recycling.