Umicore SA (OTCMKTS:UMICY – Get Rating) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 38,000 shares, a decrease of 59.5% from the March 15th total of 93,900 shares. Based on an average daily trading volume, of 105,500 shares, the short-interest ratio is presently 0.4 days.
A number of equities research analysts have recently commented on UMICY shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Umicore from €44.00 ($47.83) to €40.00 ($43.48) in a research report on Tuesday, February 22nd. JPMorgan Chase & Co. upgraded shares of Umicore from an “underweight” rating to a “neutral” rating in a research report on Wednesday, March 9th. Citigroup upgraded shares of Umicore from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 23rd. Finally, Morgan Stanley cut their price objective on shares of Umicore from €45.00 ($48.91) to €36.00 ($39.13) in a research report on Wednesday, January 26th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Umicore has a consensus rating of “Hold” and a consensus target price of $45.33.
Shares of UMICY opened at $10.44 on Friday. Umicore has a 1-year low of $9.00 and a 1-year high of $17.71. The firm has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $11.34.
Umicore SA operates as a materials technology and recycling company worldwide. The company operates through Catalysis, Energy & Surface Technologies, and Recycling segments. The Catalysis segment produces automotive catalysts for gasoline, and diesel light and heavy-duty diesel applications; stationary catalysis for industrial emissions control; and precious metals-based compounds and catalysts for use in the pharmaceutical and fine chemicals industries, as well as fuel cell applications.
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