Ecovyst (NYSE:ECVT) Sets New 1-Year High - What's Next?

Key Points

• Ecovyst Inc. reached a new 52-week high of $9.31 during trading, closing at $9.20 with a volume of 434,253 shares.
• The company has a consensus rating of "Buy" with a target price of $10.00, although some analysts have downgraded it to a "hold."
• Institutional investors own 86.69% of Ecovyst's stock, with significant recent increases in holdings by firms like Versant Capital Management and GAMMA Investing LLC.

Ecovyst Inc. (NYSE:ECVT - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.31 and last traded at $9.20, with a volume of 434253 shares. The stock had previously closed at $8.97.

Analyst Ratings Changes

ECVT has been the topic of several 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 lowered shares of Ecovyst from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Ecovyst currently has a consensus rating of "Buy" and a consensus price target of $10.00.

Ecovyst Trading Up 1.1%

The stock has a market capitalization of $1.04 billion, a PE ratio of -75.54, a PEG ratio of 0.70 and a beta of 1.24. The business's 50-day moving average is $8.77 and its two-hundred day moving average is $7.58. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22.

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, hitting analysts' consensus estimates of $0.12. The business had revenue of $200.10 million during the quarter, compared to the consensus estimate of $204.27 million. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. On average, analysts predict that Ecovyst Inc. will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc raised its position in Ecovyst by 200.7% in the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after purchasing an additional 3,489 shares during the last quarter. GAMMA Investing LLC lifted its stake in Ecovyst by 11,312.2% in the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock valued at $35,000 after acquiring an additional 5,543 shares in the last quarter. CWM LLC boosted its holdings in shares of Ecovyst by 63.0% in 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 during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Ecovyst by 1,769.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company's stock worth $51,000 after acquiring an additional 5,823 shares during the last quarter. Finally, AlphaQuest LLC grew its position in shares of Ecovyst by 60.1% in the first quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock valued at $56,000 after purchasing an additional 3,396 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.

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