Ecovyst (NYSE:ECVT) Sees Unusually-High Trading Volume

Shares of Ecovyst Inc. (NYSE:ECVTGet Free Report) saw strong trading volume on Thursday . 1,318,693 shares changed hands during trading, an increase of 93% from the previous session’s volume of 682,578 shares.The stock last traded at $10.09 and had previously closed at $9.99.

Wall Street Analyst Weigh In

Separately, Citigroup cut their price objective on Ecovyst from $12.00 to $11.50 and set a “buy” rating for the company in a report on Monday, March 4th.

Check Out Our Latest Analysis on Ecovyst

Ecovyst Stock Performance

The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.07. The company has a market cap of $1.19 billion, a PE ratio of 16.38, a PEG ratio of 0.50 and a beta of 1.00. The business’s 50-day moving average is $9.33 and its 200 day moving average is $9.53.

Ecovyst (NYSE:ECVTGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Ecovyst had a return on equity of 11.08% and a net margin of 10.30%. The company had revenue of $172.80 million during the quarter, compared to analysts’ expectations of $168.31 million. During the same quarter in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. On average, equities research analysts predict that Ecovyst Inc. will post 0.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECVT. Envestnet Asset Management Inc. boosted its stake in shares of Ecovyst by 212.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,607 shares of the company’s stock valued at $388,000 after purchasing an additional 22,847 shares in the last quarter. Swiss National Bank boosted its position in Ecovyst by 7.3% during the 1st quarter. Swiss National Bank now owns 97,200 shares of the company’s stock valued at $1,124,000 after acquiring an additional 6,600 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Ecovyst by 35.6% during the 1st quarter. Bank of New York Mellon Corp now owns 322,675 shares of the company’s stock worth $3,731,000 after acquiring an additional 84,711 shares during the period. American Century Companies Inc. lifted its stake in shares of Ecovyst by 21.6% in the 1st quarter. American Century Companies Inc. now owns 175,278 shares of the company’s stock valued at $2,026,000 after purchasing an additional 31,180 shares during the period. Finally, MetLife Investment Management LLC grew its stake in Ecovyst by 55.4% in the first quarter. MetLife Investment Management LLC now owns 27,874 shares of the company’s stock worth $322,000 after purchasing an additional 9,939 shares during the period. 95.21% of the stock is currently owned by institutional investors.

About Ecovyst

(Get Free Report)

Ecovyst Inc offers specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Ecoservices and Catalyst Technologies. 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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