Ecovyst (NYSE:ECVT) Shares Cross Above 50-Day Moving Average – Here’s Why

Ecovyst Inc. (NYSE:ECVT)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $10.17 and traded as high as $10.20. Ecovyst shares last traded at $10.1750, with a volume of 1,254,894 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ECVT shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 price target on shares of Ecovyst in a report on Tuesday, September 1st. BWS Financial reaffirmed a “buy” rating and set a $16.00 price target on shares of Ecovyst in a research report on Thursday, August 6th. Wall Street Zen upgraded Ecovyst from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ecovyst has an average rating of “Moderate Buy” and an average target price of $14.62.

Ecovyst Trading Down 1.4%

The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. The company has a 50-day simple moving average of $10.16 and a 200 day simple moving average of $11.78. The firm has a market cap of $1.11 billion, a PE ratio of -19.06, a price-to-earnings-growth ratio of 0.45 and a beta of 1.05.

Ecovyst (NYSE:ECVT) last posted its earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. The firm had revenue of $249.96 million during the quarter, compared to analyst estimates of $237.54 million. During the same period in the previous year, the firm earned $0.12 EPS. The business’s quarterly revenue was up 24.9% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, sell-side analysts forecast that Ecovyst Inc. will post 0.60 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Patti Humble acquired 24,875 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was bought at an average price of $10.05 per share, with a total value of $249,993.75. Following the completion of the acquisition, the director owned 33,974 shares of the company’s stock, valued at approximately $341,438.70. This represents a 273.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.84% of the company’s stock.

Institutional Investors Weigh In On Ecovyst

Hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Ecovyst in the 2nd quarter worth $132,792,000. Dimensional Fund Advisors LP raised its position in Ecovyst by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company’s stock worth $83,573,000 after acquiring an additional 111,376 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Ecovyst by 246.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock valued at $62,101,000 after purchasing an additional 3,435,942 shares in the last quarter. First Wilshire Securities Management Inc. lifted its holdings in Ecovyst by 1.0% during the first quarter. First Wilshire Securities Management Inc. now owns 2,196,784 shares of the company’s stock valued at $28,251,000 after purchasing an additional 21,850 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Ecovyst by 62.1% during the first quarter. Bank of America Corp DE now owns 1,106,009 shares of the company’s stock valued at $14,223,000 after purchasing an additional 423,825 shares in the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

About Ecovyst

Ecovyst Inc (NYSE: ECVT) is a global provider of specialty catalysts and advanced materials used in industrial and environmental applications. The company develops, manufactures and supplies products that help customers improve process efficiency, increase yields and meet emissions and sustainability requirements.

Through its Catalysts Technologies business, Ecovyst provides catalysts and related services for petroleum refining, renewable fuels, petrochemicals and other chemical processes.