Ecovyst (NYSE:ECVT) Reaches New 1-Year High - Here's Why

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)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $9.31 and last traded at $9.18, with a volume of 1724303 shares. The stock had previously closed at $8.88.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BWS Financial reiterated a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research note on Monday, August 11th. Wall Street Zen raised shares of Ecovyst from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $10.00.

Ecovyst Stock Down 0.2%

The firm has a market capitalization of $1.04 billion, a PE ratio of -75.79, a P/E/G ratio of 0.69 and a beta of 1.18. The firm's 50 day moving average price is $8.66 and its two-hundred day moving average price is $7.54. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 1.22.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The business had revenue of $200.10 million during the quarter, compared to the consensus estimate of $204.27 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The business'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. As a group, research analysts forecast that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ECVT. Versant Capital Management Inc increased its holdings 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 acquiring an additional 3,489 shares during the period. GAMMA Investing LLC raised its position in shares of Ecovyst by 11,312.2% during the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock worth $35,000 after buying an additional 5,543 shares in the last quarter. CWM LLC grew its stake in shares of Ecovyst by 63.0% in the 2nd quarter. CWM LLC now owns 5,946 shares of the company's stock worth $49,000 after purchasing an additional 2,298 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Ecovyst by 1,769.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company's stock worth $51,000 after purchasing an additional 5,823 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Ecovyst by 60.1% in the first quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock worth $56,000 after buying an additional 3,396 shares during the period. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Company Profile

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.