Shares of Ecovyst Inc. (NYSE:ECVT - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $8.10, but opened at $7.46. Ecovyst shares last traded at $7.14, with a volume of 325,137 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. BMO Capital Markets decreased their target price on Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Monday. Citigroup upped their target price on Ecovyst from $8.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, BWS Financial restated a "buy" rating and set a $12.00 target price on shares of Ecovyst in a report on Friday.
Check Out Our Latest Research Report on ECVT
Ecovyst Stock Performance
The business has a fifty day moving average of $7.78 and a 200 day moving average of $7.38. 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 company has a market cap of $754.98 million, a P/E ratio of 14.09, a P/E/G ratio of 1.04 and a beta of 1.05.
Hedge Funds Weigh In On Ecovyst
A number of institutional investors have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its holdings in Ecovyst by 27.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company's stock worth $88,043,000 after purchasing an additional 2,753,470 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ecovyst by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company's stock worth $83,476,000 after purchasing an additional 56,142 shares in the last quarter. Shapiro Capital Management LLC raised its holdings in Ecovyst by 21.9% in the fourth quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock worth $36,903,000 after purchasing an additional 868,397 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Ecovyst by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company's stock worth $27,514,000 after acquiring an additional 67,338 shares during the last quarter. Finally, Medina Value Partners LLC grew its stake in shares of Ecovyst by 44.2% in the fourth quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock worth $20,951,000 after acquiring an additional 840,495 shares during the last quarter. 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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