Ecovyst (NYSE:ECVT) Sets New 52-Week High - Still a Buy?

Key Points

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Ecovyst Inc. (NYSE:ECVT - Get Free Report) reached 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 changing hands. The stock had previously closed at $8.88.

Analyst Ratings Changes

ECVT has been the subject of a number of recent research reports. Wall Street Zen raised shares of Ecovyst from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. BWS Financial reissued a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus 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 firm has a market cap of $1.05 billion, a price-to-earnings ratio of -76.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18. The company's 50-day moving average is $8.55 and its 200-day moving average is $7.50.

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

Institutional Trading of Ecovyst

Several large investors have recently made changes to their positions in ECVT. Wells Fargo & Company MN boosted its position in shares of Ecovyst by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 80,467 shares of the company's stock worth $615,000 after acquiring an additional 15,303 shares in the last quarter. Invesco Ltd. lifted its stake in Ecovyst by 6.2% in the 4th quarter. Invesco Ltd. now owns 320,552 shares of the company's stock valued at $2,449,000 after purchasing an additional 18,844 shares during the last quarter. Raymond James Financial Inc. bought a new position in Ecovyst in the 4th quarter valued at approximately $2,706,000. Barclays PLC lifted its stake in Ecovyst by 11.4% in the 4th quarter. Barclays PLC now owns 198,401 shares of the company's stock valued at $1,516,000 after purchasing an additional 20,369 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in Ecovyst by 23.4% in the 4th quarter. Marshall Wace LLP now owns 29,000 shares of the company's stock valued at $222,000 after purchasing an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company's stock.

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.