Umicore (OTCMKTS:UMICY) Shares Gap Down – Time to Sell?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $4.66, but opened at $4.43. Umicore shares last traded at $4.3865, with a volume of 3,117 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UMICY. The Goldman Sachs Group lowered shares of Umicore from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Umicore in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Umicore Stock Performance

The stock has a 50 day simple moving average of $5.42 and a 200 day simple moving average of $4.89.

Umicore Company Profile

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.