Johnson Matthey (OTCMKTS:JMPLY) Stock Passes Below Fifty Day Moving Average of $53.73

Johnson Matthey (OTCMKTS:JMPLY – Get Rating) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $53.73 and traded as low as $48.89. Johnson Matthey shares last traded at $48.89, with a volume of 5,225 shares changing hands.

JMPLY has been the subject of several analyst reports. HSBC cut shares of Johnson Matthey from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. Jefferies Financial Group upgraded shares of Johnson Matthey from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. UBS Group decreased their price objective on shares of Johnson Matthey from GBX 1,875 ($22.76) to GBX 1,800 ($21.85) in a report on Monday, April 4th. Finally, Panmure Gordon upgraded shares of Johnson Matthey from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $2,404.00.

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.34 and a quick ratio of 0.78. The company’s 50 day moving average is $53.73 and its 200-day moving average is $52.46.

The firm also recently declared a dividend, which will be paid on Friday, August 12th. Investors of record on Monday, June 13th will be paid a $1.3646 dividend. This represents a dividend yield of 3.61%. This is a positive change from Johnson Matthey’s previous dividend of $0.57. The ex-dividend date of this dividend is Friday, June 10th.

Johnson Matthey Company Profile (OTCMKTS:JMPLY)

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.

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