Ecovyst (NYSE:ECVT) Trading Down 4.3% - Should You Sell?

Ecovyst Inc. (NYSE:ECVT - Get Free Report) shares fell 4.3% during mid-day trading on Monday . The stock traded as low as $8.20 and last traded at $8.22. 313,901 shares were traded during mid-day trading, a decline of 69% from the average session volume of 1,005,472 shares. The stock had previously closed at $8.58.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a research note on Monday, May 5th.

Ecovyst Trading Up 1.2%

The stock has a 50 day moving average of $7.51 and a 200-day moving average of $7.25. The company has a current ratio of 2.81, a quick ratio of 2.24 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $986.17 million, a P/E ratio of -84.00, a P/E/G ratio of 0.74 and a beta of 1.13.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. The business had revenue of $162.20 million during the quarter, compared to the consensus estimate of $168.43 million. Ecovyst had a positive return on equity of 7.60% and a negative net margin of 1.63%. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. On average, research analysts predict that Ecovyst Inc. will post 0.44 EPS for the current year.

Institutional Trading of Ecovyst

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ecovyst by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock valued at $506,000 after purchasing an additional 2,325 shares during the last quarter. AlphaQuest LLC grew its position in Ecovyst by 60.1% during the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock worth $56,000 after purchasing an additional 3,396 shares during the period. Versant Capital Management Inc raised its position in Ecovyst by 200.7% during the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after acquiring an additional 3,489 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Ecovyst by 8.6% in the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company's stock valued at $279,000 after purchasing an additional 3,571 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Ecovyst by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 372,061 shares of the company's stock worth $2,307,000 after acquiring an additional 4,293 shares during the period. 86.69% of the stock is currently 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.