Umicore (OTCMKTS:UMICY) Shares Gap Down – Here’s What Happened

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICYGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $5.1765, but opened at $4.8780. Umicore shares last traded at $4.8830, with a volume of 2,896 shares.

Wall Street Analyst Weigh In

UMICY has been the topic of several analyst reports. The Goldman Sachs Group cut Umicore from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Umicore in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Umicore currently has an average rating of “Hold”.

Read Our Latest Stock Report on Umicore

Umicore Trading Down 4.3%

The stock’s 50-day simple moving average is $5.57 and its 200 day simple moving average is $4.83.

About Umicore

(Get Free Report)

Umicore is a global materials technology and recycling company headquartered in Brussels, Belgium. The company specializes in the development and manufacture of advanced materials and catalysts that support clean mobility, energy storage and sustainable resource management. Its activities span the refining and recovery of precious metals, the production of emission control catalysts for the automotive industry, and the sourcing of materials for rechargeable batteries.

Umicore operates through three main business units: Catalysis, Energy & Surface Technologies, and Recycling.

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