Dynamic Technology Lab Private Ltd Buys Shares of 84,595 Ecovyst Inc. $ECVT

Key Points

• Dynamic Technology Lab Private Ltd has acquired 84,595 shares of Ecovyst Inc., representing a new investment valued at approximately $524,000.
• Several institutional investors have significantly increased their positions in Ecovyst, with GAMMA Investing LLC increasing its stake by over 11,000%.
• Research analysts have given Ecovyst an average rating of "Buy" with a consensus price target of $10.00 despite recent fluctuations in their ratings.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 84,595 shares of the company's stock, valued at approximately $524,000. Dynamic Technology Lab Private Ltd owned about 0.07% of Ecovyst at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ECVT. Versant Capital Management Inc grew its position in Ecovyst by 200.7% in the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock worth $32,000 after acquiring an additional 3,489 shares during the period. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 5,543 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of 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. Royce & Associates LP acquired a new stake in shares of Ecovyst during the 1st quarter worth about $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Ecovyst in the 1st quarter valued at about $78,000. Hedge funds and other institutional investors own 86.69% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. BWS Financial reaffirmed a "buy" rating and set a $12.00 target price on shares of Ecovyst in a research note on Monday, August 11th. Wall Street Zen cut shares of Ecovyst from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $10.00.

Ecovyst Stock Up 2.2%

Shares of NYSE:ECVT opened at $9.17 on Thursday. Ecovyst Inc. has a fifty-two week low of $5.24 and a fifty-two week high of $9.31. The firm's 50 day moving average price is $8.79 and its 200 day moving average price is $7.59. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -76.43, a price-to-earnings-growth ratio of 0.68 and a beta of 1.24.

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

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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