Ecovyst Inc. (NYSE:ECVT - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $5.92 and last traded at $6.03, with a volume of 228537 shares trading hands. The stock had previously closed at $6.46.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. BWS Financial reiterated a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Friday, February 28th. BMO Capital Markets dropped their price target on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. Finally, Citigroup increased their price target on Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th.
Read Our Latest Stock Analysis on ECVT
Ecovyst Price Performance
The company has a market capitalization of $628.38 million, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The firm's 50-day moving average is $7.18 and its 200-day moving average is $7.33.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ECVT. Spire Wealth Management lifted its position in Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company's stock valued at $34,000 after purchasing an additional 1,896 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Ecovyst by 200.7% in the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock worth $32,000 after buying an additional 3,489 shares during the period. GAMMA Investing LLC raised its holdings in Ecovyst by 11,312.2% during the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock valued at $35,000 after buying an additional 5,543 shares during the last quarter. Deerfield Management Company L.P. Series C purchased a new stake in Ecovyst during the 4th quarter valued at $79,000. Finally, Bridgefront Capital LLC bought a new stake in Ecovyst in the 4th quarter worth $81,000. 86.69% of the stock is owned by institutional investors.
Ecovyst Company Profile
(
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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