Ecovyst Inc. (NYSE:ECVT - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $7.85, but opened at $7.60. Ecovyst shares last traded at $7.83, with a volume of 114,241 shares traded.
Analyst Ratings Changes
ECVT has been the topic of a number of analyst reports. BWS Financial reiterated a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a research report on Wednesday, December 4th. Citigroup lifted their target price on shares of Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their target price on shares of Ecovyst from $9.00 to $10.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd.
Check Out Our Latest Stock Analysis on ECVT
Ecovyst Price Performance
The business's 50-day simple moving average is $7.78 and its 200-day simple moving average is $7.48. The stock has a market cap of $903.77 million, a PE ratio of 16.86, a PEG ratio of 1.05 and a beta of 1.05. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.
Hedge Funds Weigh In On Ecovyst
A number of hedge funds have recently modified their holdings of the company. Quarry LP increased its position in shares of Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company's stock valued at $41,000 after buying an additional 1,721 shares during the period. Spire Wealth Management increased its position in shares of Ecovyst by 72.9% during the fourth 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 during the period. The Manufacturers Life Insurance Company increased its position in shares of Ecovyst by 19.8% during the second quarter. The Manufacturers Life Insurance Company now owns 59,633 shares of the company's stock valued at $535,000 after buying an additional 9,840 shares during the period. Algert Global LLC purchased a new position in shares of Ecovyst during the second quarter valued at about $106,000. Finally, Capstone Investment Advisors LLC bought a new stake in Ecovyst during the third quarter worth about $86,000. Hedge funds and other institutional investors own 86.69% of the company's stock.
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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