Ecovyst (NYSE:ECVT) Reaches New 1-Year High - Time to Buy?

Key Points

• Ecovyst Inc. reached a new 52-week high at $9.31, reflecting significant trading activity with over 1.7 million shares changing hands.
• Several analysts maintain a "buy" rating on the stock, with BWS Financial setting a price target of $12.00 and a consensus target price of $10.00 among analysts.
• The company reported a 9.5% revenue increase year-over-year, despite achieving earnings per share in line with expectations at $0.12 for the last quarter.

Ecovyst Inc. (NYSE:ECVT - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $9.31 and last traded at $9.18, with a volume of 1724303 shares trading hands. The stock had previously closed at $8.88.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BWS Financial restated a "buy" rating and set a $12.00 price target on shares of Ecovyst in a report on Monday, August 11th. Wall Street Zen upgraded Ecovyst from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $10.00.

Ecovyst Price Performance

The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $1.05 billion, a P/E ratio of -76.46, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The stock has a 50 day moving average of $8.55 and a 200-day moving average of $7.50.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The firm had revenue of $200.10 million during the quarter, compared to analyst estimates of $204.27 million. During the same period last year, the company earned $0.12 EPS. Ecovyst's quarterly revenue was up 9.5% compared to the same quarter last year. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. On average, equities research analysts anticipate that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its position in shares of Ecovyst by 200.7% in the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock worth $32,000 after purchasing an additional 3,489 shares in the last quarter. GAMMA Investing LLC increased its position 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 in the last quarter. CWM LLC increased its position in Ecovyst by 63.0% during the 2nd quarter. CWM LLC now owns 5,946 shares of the company's stock valued at $49,000 after buying an additional 2,298 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Ecovyst by 1,769.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company's stock valued at $51,000 after buying an additional 5,823 shares in the last quarter. Finally, AlphaQuest LLC increased its position in Ecovyst by 60.1% during the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock valued at $56,000 after buying an additional 3,396 shares in the last quarter. 86.69% of the stock is owned by institutional investors.

About Ecovyst

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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