Ecovyst (NYSE:ECVT – Get Rating) had its price objective lowered by stock analysts at Citigroup from $10.50 to $10.00 in a report released on Thursday, The Fly reports. Citigroup’s price target points to a potential upside of 10.25% from the company’s previous close.
Ecovyst Stock Up 1.2 %
Ecovyst stock opened at $9.07 on Thursday. Ecovyst has a twelve month low of $8.20 and a twelve month high of $12.05. The firm has a 50 day moving average price of $9.28 and a 200-day moving average price of $9.50. The company has a market capitalization of $1.18 billion, a P/E ratio of 21.60 and a beta of 0.87. The company has a quick ratio of 2.04, a current ratio of 2.41 and a debt-to-equity ratio of 1.17.
Insider Activity
In related news, Director Robert Coxon bought 10,000 shares of Ecovyst stock in a transaction dated Wednesday, November 16th. The stock was purchased at an average cost of $8.81 per share, with a total value of $88,100.00. Following the transaction, the director now directly owns 205,054 shares of the company’s stock, valued at $1,806,525.74. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.08% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of ECVT. Tower Research Capital LLC TRC raised its holdings in Ecovyst by 112.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the company’s stock valued at $55,000 after acquiring an additional 3,417 shares during the period. Sandia Investment Management LP bought a new stake in shares of Ecovyst during the 3rd quarter valued at $63,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Ecovyst during the 2nd quarter worth about $65,000. Amalgamated Bank bought a new position in Ecovyst in the 1st quarter worth about $71,000. Finally, Lazard Asset Management LLC grew its holdings in Ecovyst by 576.0% during the 2nd quarter. Lazard Asset Management LLC now owns 8,085 shares of the company’s stock valued at $79,000 after buying an additional 6,889 shares in the last quarter. 75.70% of the stock is owned by institutional investors.
Ecovyst Company Profile
Ecovyst Inc provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through two segments, Ecoservices and Catalyst Technologies. The Ecoservices segment offers sulfuric acid recycling services for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.
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