Ecovyst (NYSE:ECVT) Reaches New 12-Month High - Should You Buy?

Key Points

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Shares of Ecovyst Inc. (NYSE:ECVT - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.08 and last traded at $8.96, with a volume of 124062 shares. The stock had previously closed at $8.88.

Analyst Upgrades and Downgrades

ECVT has been the topic of a number of recent analyst reports. BWS Financial reaffirmed a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research report on Monday, August 11th. Wall Street Zen raised Ecovyst from a "hold" rating to a "buy" rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $10.00.

Ecovyst Stock Performance

The company has a debt-to-equity ratio of 1.22, a current ratio of 2.25 and a quick ratio of 1.69. The company has a market capitalization of $1.01 billion, a PE ratio of -73.38, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18. The firm's fifty day simple moving average is $8.48 and its 200 day simple moving average is $7.47.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.12 EPS 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 company had revenue of $200.10 million for the quarter, compared to analyst estimates of $204.27 million. During the same period in the prior year, the company earned $0.12 earnings per share. The firm's revenue was up 9.5% on a year-over-year basis. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. On average, research analysts predict that Ecovyst Inc. will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Ecovyst

Several hedge funds have recently modified their holdings of ECVT. Rubric Capital Management LP purchased a new stake in shares of Ecovyst during the 2nd quarter worth about $38,741,000. Boston Partners boosted its stake in shares of Ecovyst by 321.1% during the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company's stock worth $26,785,000 after acquiring an additional 2,472,377 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Ecovyst by 221.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,590,044 shares of the company's stock worth $13,086,000 after acquiring an additional 1,095,228 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Ecovyst during the 1st quarter worth about $5,448,000. Finally, Shapiro Capital Management LLC boosted its stake in shares of Ecovyst by 21.9% during the 4th quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock worth $36,903,000 after acquiring an additional 868,397 shares in the last quarter. 86.69% of the stock is owned by hedge funds and other 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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