Weiss Ratings Reiterates "Sell (D)" Rating for Ecovyst (NYSE:ECVT)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for Ecovyst (NYSE: ECVT), indicating a negative outlook for the company's stock.
• Ecovyst's stock has recently increased by 0.5%, trading at $8.34, but has experienced significant fluctuations with a 52-week range from $5.24 to $9.69.
• Analysts have mixed ratings on Ecovyst, with a consensus of Moderate Buy and an average price target of $11.67, despite only one out of four analysts giving a Sell rating.

Ecovyst (NYSE:ECVT - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also issued reports on ECVT. Wall Street Zen lowered shares of Ecovyst from a "buy" rating to a "hold" rating in a report on Friday, September 5th. BMO Capital Markets upped their price objective on shares of Ecovyst from $10.00 to $14.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Finally, BWS Financial reiterated a "buy" rating and set a $12.00 price objective on shares of Ecovyst in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Ecovyst currently has an average rating of "Moderate Buy" and a consensus price target of $11.67.

Ecovyst Trading Up 0.5%

Shares of Ecovyst stock traded up $0.04 during trading on Wednesday, hitting $8.34. The company's stock had a trading volume of 671,041 shares, compared to its average volume of 2,020,383. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.25 and a quick ratio of 1.69. Ecovyst has a 52 week low of $5.24 and a 52 week high of $9.69. The stock has a market cap of $954.26 million, a price-to-earnings ratio of -69.50, a price-to-earnings-growth ratio of 3.71 and a beta of 1.20. The stock has a 50-day moving average price of $8.85 and a two-hundred day moving average price of $7.86.

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

Institutional Investors Weigh In On Ecovyst

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Praxis Investment Management Inc. purchased a new stake in Ecovyst in the 3rd quarter valued at about $107,000. Squarepoint Ops LLC purchased a new stake in shares of Ecovyst during the 2nd quarter worth approximately $1,239,000. Tower Research Capital LLC TRC increased its stake in shares of Ecovyst by 370.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 18,008 shares of the company's stock worth $148,000 after purchasing an additional 14,178 shares during the last quarter. Shay Capital LLC increased its stake in shares of Ecovyst by 84.6% during the 2nd quarter. Shay Capital LLC now owns 517,000 shares of the company's stock worth $4,255,000 after purchasing an additional 237,000 shares during the last quarter. Finally, Rubric Capital Management LP purchased a new stake in shares of Ecovyst during the 2nd quarter worth approximately $38,741,000. Hedge funds and other institutional investors own 86.69% of the company's stock.

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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