Johnson Matthey (OTCMKTS:JMPLY) Sees Large Volume Increase – Here’s What Happened

Johnson Matthey PLC (OTCMKTS:JMPLY) saw unusually-high trading volume on Thursday. 1,651 shares changed hands during trading, an increase of 72% from the previous session’s volume of 960 shares. The stock last traded at $61.50 and had previously closed at $63.97.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JMPLY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Johnson Matthey in a research report on Monday. Zacks Research upgraded Johnson Matthey from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Johnson Matthey has an average rating of “Buy”.

Johnson Matthey Stock Performance

The company’s 50 day simple moving average is $58.78 and its 200-day simple moving average is $55.86. The company has a current ratio of 1.56, a quick ratio of 1.21 and a debt-to-equity ratio of 0.66.

About Johnson Matthey

Johnson Matthey plc is a United Kingdom-based specialty chemicals and sustainable technologies company. The group develops and manufactures catalysts, chemicals and materials that support cleaner air, lower-carbon industrial processes and the efficient use of precious metals. Its technologies serve customers in the automotive, chemical, energy, pharmaceutical and industrial sectors.

The company’s activities include emissions-control catalysts for vehicles and industrial applications, precious-metal refining and recycling, and catalyst technologies used in chemical and hydrogen-related processes.