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

Shares of Ecovyst Inc. (NYSE:ECVT - Get Free Report) traded down 4.3% during mid-day trading on Monday . The company traded as low as $8.20 and last traded at $8.22. 313,901 shares were traded during 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

A number of equities research analysts have issued reports on the stock. BMO Capital Markets lowered their target price on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. BWS Financial reissued a "buy" rating and set a $12.00 target price on shares of Ecovyst in a report on Monday, May 5th.

Ecovyst Price Performance

The business's 50-day moving average price is $7.33 and its 200 day moving average price is $7.23. The stock has a market capitalization of $975.59 million, a PE ratio of -83.10, a price-to-earnings-growth ratio of 0.76 and a beta of 1.12. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.24 and a current ratio of 2.81.

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

Institutional Trading of Ecovyst

A number of hedge funds have recently made changes to their positions in ECVT. Nuveen LLC bought a new stake in shares of Ecovyst during the 1st quarter worth $5,448,000. Shapiro Capital Management LLC lifted its stake in Ecovyst by 21.9% in the fourth quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock worth $36,903,000 after purchasing an additional 868,397 shares during the last quarter. Medina Value Partners LLC lifted its stake in Ecovyst by 44.2% in the fourth quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock worth $20,951,000 after purchasing an additional 840,495 shares during the last quarter. Voss Capital LP lifted its stake in Ecovyst by 130.7% in the first quarter. Voss Capital LP now owns 1,198,981 shares of the company's stock worth $7,434,000 after purchasing an additional 679,299 shares during the last quarter. Finally, Boston Partners lifted its stake in Ecovyst by 30.2% in the fourth quarter. Boston Partners now owns 2,401,811 shares of the company's stock worth $18,405,000 after purchasing an additional 557,249 shares during the last quarter. 86.69% of the stock is 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.

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