Johnson Matthey (OTCMKTS:JMPLY) Shares Gap Down – Here’s Why

Johnson Matthey PLC (OTCMKTS:JMPLY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $59.02, but opened at $55.8768. Johnson Matthey shares last traded at $55.8768, with a volume of 295 shares trading hands.

Wall Street Analyst Weigh In

JMPLY has been the topic of several research reports. Citigroup reaffirmed a “neutral” rating on shares of Johnson Matthey in a report on Tuesday, October 21st. Zacks Research downgraded Johnson Matthey from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Jefferies Financial Group raised Johnson Matthey to a “strong-buy” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Johnson Matthey Trading Down 2.7%

The company has a 50 day moving average price of $55.42 and a 200 day moving average price of $52.58.

Johnson Matthey Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, February 13th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $0.5561 per share. The ex-dividend date is Monday, December 1st. This represents a yield of 394.0%.

Johnson Matthey Company Profile

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.