IMCD (OTC:IMCDY) Trading Up 7.1% – Time to Buy?

IMCD (OTC:IMCDY)’s stock price rose 7.1% during mid-day trading on Wednesday . The stock traded as high as $45.74 and last traded at $45.48. Approximately 43,240 shares traded hands during trading, a decline of 53% from the average daily volume of 92,565 shares. The stock had previously closed at $42.45.

Analysts Set New Price Targets

IMCDY has been the topic of several recent analyst reports. Morgan Stanley downgraded IMCD from an “overweight” rating to a “cautious” rating in a report on Tuesday, January 6th. BNP Paribas Exane assumed coverage on IMCD in a research report on Monday, October 20th. They issued an “outperform” rating and a $72.50 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.50.

IMCD Stock Up 7.1%

The firm has a fifty day moving average of $44.92 and a two-hundred day moving average of $51.96.

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.