IMCD (OTC:IMCDY) Stock Price Up 2.8% – Should You Buy?

IMCD (OTC:IMCDY) shares shot up 2.8% during mid-day trading on Wednesday . The stock traded as high as $53.16 and last traded at $53.16. 16,502 shares were traded during mid-day trading, a decline of 4% from the average session volume of 17,274 shares. The stock had previously closed at $51.72.

Analysts Set New Price Targets

Separately, Morgan Stanley raised IMCD from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

IMCD Stock Performance

The business has a 50-day simple moving average of $55.33 and a two-hundred day simple moving average of $63.12.

IMCD Company Profile

IMCD N.V. distributes, markets, and sells specialty chemicals and ingredients in the Netherlands, rest of Europe, the Middle East, Africa, North America, South America, and the Asia-Pacific. The company provides adhesives, core materials, filler reinforcements, flame retardants, masterbatch, modifiers, operating materials, pigments, plasticizers, processing aids, PUR raw materials, rubber elastomers, solvents, stabilizers, thermoplastic elastomers, thermoplastics, thermoplastics, and other additives.