Ecovyst Inc. (NYSE:ECVT - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $5.24 and last traded at $5.36, with a volume of 130579 shares changing hands. The stock had previously closed at $5.33.
Analyst Ratings Changes
Several brokerages have commented on ECVT. BMO Capital Markets decreased their price objective on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Monday, March 3rd. BWS Financial reissued a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a research note on Friday, February 28th. Finally, Citigroup lifted their price objective on Ecovyst from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th.
Get Our Latest Stock Report on ECVT
Ecovyst Stock Performance
The company has a market capitalization of $693.64 million, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The company's 50 day moving average is $6.93 and its 200-day moving average is $7.29. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17.
Hedge Funds Weigh In On Ecovyst
Several large investors have recently made changes to their positions in ECVT. Spire Wealth Management increased its position in Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company's stock valued at $34,000 after buying an additional 1,896 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ecovyst by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock valued at $506,000 after acquiring an additional 2,325 shares in the last quarter. Versant Capital Management Inc boosted its stake in Ecovyst by 200.7% in the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock worth $32,000 after purchasing an additional 3,489 shares in the last quarter. EP Wealth Advisors LLC grew its position in Ecovyst by 18.4% during the 4th quarter. EP Wealth Advisors LLC now owns 30,567 shares of the company's stock valued at $234,000 after purchasing an additional 4,743 shares during the last quarter. Finally, Needham Investment Management LLC raised its holdings in Ecovyst by 0.5% in the fourth quarter. Needham Investment Management LLC now owns 920,000 shares of the company's stock worth $7,029,000 after buying an additional 5,000 shares during the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.
About Ecovyst
(
Get Free Report)
Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.
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