IMCD (OTC:IMCDY) Stock Price Down 0.4% – Should You Sell?

IMCD (OTC:IMCDY)’s stock price dropped 0.4% on Tuesday . The company traded as low as $45.0609 and last traded at $45.17. Approximately 38,409 shares traded hands during mid-day trading, an increase of 60% from the average daily volume of 23,990 shares. The stock had previously closed at $45.35.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IMCDY. BNP Paribas began coverage on shares of IMCD in a report on Monday, October 20th. They set an “outperform” rating and a $72.50 price objective on the stock. Morgan Stanley raised shares of IMCD from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IMCD presently has an average rating of “Buy” and a consensus target price of $72.50.

IMCD Trading Down 0.4%

The company has a fifty day simple moving average of $46.87 and a two-hundred day simple moving average of $54.22.

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.