Umicore (OTCMKTS:UMICY) Sees Large Volume Increase – Still a Buy?

Umicore S.A. – Unsponsored ADR (OTCMKTS:UMICY) shares saw an uptick in trading volume on Friday . 16,061 shares changed hands during trading, an increase of 25% from the previous session’s volume of 12,882 shares.The stock last traded at $6.09 and had previously closed at $5.92.

Analyst Ratings Changes

UMICY has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of Umicore to a “strong-buy” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Umicore in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Umicore Trading Up 3.4%

The business’s 50-day moving average is $4.98 and its 200-day moving average is $4.53.

About Umicore

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.