PureCycle Technologies (PCT) Projected to Post Quarterly Earnings on Thursday

PureCycle Technologies (NASDAQ:PCT - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect PureCycle Technologies to post earnings of ($0.22) per share and revenue of $7.55 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

PureCycle Technologies Trading Down 7.1 %

PureCycle Technologies stock traded down $0.75 during trading on Friday, hitting $9.83. The company's stock had a trading volume of 2,383,556 shares, compared to its average volume of 2,164,956. The stock's fifty day moving average is $9.91 and its 200 day moving average is $9.74. PureCycle Technologies has a 1-year low of $4.50 and a 1-year high of $15.58. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -6.55 and a beta of 1.58. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PCT shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $14.00 price objective on shares of PureCycle Technologies in a report on Tuesday, November 19th. Stifel Nicolaus increased their price target on shares of PureCycle Technologies from $8.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, TD Cowen boosted their price objective on shares of PureCycle Technologies from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th.

Insider Transactions at PureCycle Technologies

In other PureCycle Technologies news, major shareholder Sylebra Capital Llc bought 619,925 shares of PureCycle Technologies stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average price of $8.06 per share, for a total transaction of $4,996,595.50. Following the acquisition, the insider now owns 34,077,574 shares of the company's stock, valued at $274,665,246.44. The trade was a 1.85 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 11.44% of the company's stock.

About PureCycle Technologies

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.