Ecovyst (NYSE:ECVT) Reaches New 1-Year High – What’s Next?

Ecovyst Inc. (NYSE:ECVT) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $10.93 and last traded at $10.8450, with a volume of 73489 shares changing hands. The stock had previously closed at $10.62.

Wall Street Analyst Weigh In

ECVT has been the topic of a number of research reports. Citigroup raised their target price on shares of Ecovyst from $8.50 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Wall Street Zen lowered Ecovyst from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. BWS Financial reiterated a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a report on Friday, January 2nd. Finally, KeyCorp cut their price objective on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.60.

Ecovyst Stock Up 1.9%

The business has a fifty day simple moving average of $9.46 and a 200 day simple moving average of $8.96. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.25 and a quick ratio of 2.07. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -11.64, a PEG ratio of 1.38 and a beta of 1.20.

Ecovyst (NYSE:ECVT) last issued its earnings results on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The business had revenue of $204.91 million during the quarter, compared to analyst estimates of $204.74 million. Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. As a group, equities analysts forecast that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ECVT. Royal Bank of Canada increased its position in shares of Ecovyst by 8.6% during the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock worth $279,000 after purchasing an additional 3,571 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ecovyst by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock worth $428,000 after acquiring an additional 2,874 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Ecovyst by 7.5% during the 1st quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock worth $2,133,000 after purchasing an additional 23,951 shares during the period. Jane Street Group LLC increased its holdings in Ecovyst by 954.1% in the 1st quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock valued at $877,000 after purchasing an additional 128,105 shares during the last quarter. Finally, CWM LLC raised its position in Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company’s stock valued at $49,000 after purchasing an additional 2,298 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Company Profile

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.