Li-Cycle (NYSE:LICY - Free Report) had its price target boosted by UBS Group from $2.00 to $2.25 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the stock.
Li-Cycle Stock Up 8.8 %
LICY traded up $0.18 during midday trading on Monday, reaching $2.23. The company's stock had a trading volume of 820,054 shares, compared to its average volume of 841,752. Li-Cycle has a 1 year low of $1.22 and a 1 year high of $15.36. The stock's 50-day moving average is $2.26 and its 200-day moving average is $3.26. The firm has a market capitalization of $51.78 million, a price-to-earnings ratio of -1.72 and a beta of 1.50. The company has a current ratio of 0.60, a quick ratio of 0.54 and a debt-to-equity ratio of 1.16.
Hedge Funds Weigh In On Li-Cycle
Several institutional investors and hedge funds have recently modified their holdings of LICY. Townsquare Capital LLC bought a new position in Li-Cycle in the 3rd quarter worth about $37,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Li-Cycle during the first quarter valued at approximately $56,000. Summit Securities Group LLC purchased a new position in Li-Cycle in the 2nd quarter worth approximately $68,000. Allspring Global Investments Holdings LLC lifted its position in Li-Cycle by 55,310.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 79,237 shares of the company's stock valued at $82,000 after acquiring an additional 79,094 shares in the last quarter. Finally, Ground Swell Capital LLC purchased a new stake in Li-Cycle during the 2nd quarter valued at $89,000. 54.12% of the stock is currently owned by institutional investors.
About Li-Cycle
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Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals.
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