Li-Cycle (NYSE:LICY – Get Rating) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued on Wednesday, The Fly reports.
Separately, Citigroup decreased their price objective on shares of Li-Cycle from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Li-Cycle currently has an average rating of “Moderate Buy” and a consensus target price of $9.44.
Li-Cycle Trading Down 1.2 %
Li-Cycle stock opened at $5.95 on Wednesday. The company has a 50 day moving average price of $5.48 and a 200 day moving average price of $6.10. Li-Cycle has a 52 week low of $4.48 and a 52 week high of $9.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 17.12 and a current ratio of 17.25. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -4.19 and a beta of 1.19.
Institutional Investors Weigh In On Li-Cycle
Li-Cycle Company Profile
Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals.
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