PureCycle Technologies (NYSE:PCT) Trading Up 8%

PureCycle Technologies, Inc. (NYSE:PCT - Get Free Report) shares rose 8% during trading on Friday . The stock traded as high as $5.53 and last traded at $5.53. Approximately 226,343 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 2,400,271 shares. The stock had previously closed at $5.12.

PureCycle Technologies Stock Performance

The company has a market cap of $897.23 million, a PE ratio of -5.34 and a beta of 1.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day moving average of $5.45 and a 200 day moving average of $4.68.

PureCycle Technologies (NYSE:PCT - Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.08. Equities research analysts anticipate that PureCycle Technologies, Inc. will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Fernando Musa acquired 18,303 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were purchased at an average price of $5.46 per share, with a total value of $99,934.38. Following the completion of the purchase, the director now directly owns 68,413 shares of the company's stock, valued at $373,534.98. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.44% of the stock is owned by insiders.

Institutional Trading of PureCycle Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. Sovereign Financial Group Inc. raised its stake in PureCycle Technologies by 11.0% during the 4th quarter. Sovereign Financial Group Inc. now owns 26,700 shares of the company's stock valued at $108,000 after purchasing an additional 2,652 shares during the period. Victory Capital Management Inc. grew its holdings in shares of PureCycle Technologies by 22.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,004 shares of the company's stock valued at $69,000 after purchasing an additional 3,128 shares in the last quarter. Venture Visionary Partners LLC grew its stake in shares of PureCycle Technologies by 4.8% in the 4th quarter. Venture Visionary Partners LLC now owns 68,306 shares of the company's stock worth $277,000 after buying an additional 3,145 shares in the last quarter. Nwam LLC increased its holdings in shares of PureCycle Technologies by 20.6% in the 1st quarter. Nwam LLC now owns 18,838 shares of the company's stock worth $117,000 after buying an additional 3,217 shares during the last quarter. Finally, Sigma Planning Corp increased its holdings in shares of PureCycle Technologies by 16.7% in the 3rd quarter. Sigma Planning Corp now owns 22,507 shares of the company's stock worth $126,000 after buying an additional 3,225 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

About PureCycle Technologies

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.