Ecovyst (NYSE:ECVT) Cut to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Ecovyst (NYSE:ECVT – Free Report) from a buy rating to a hold rating in a research note released on Friday.

Separately, BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $10.00.

Check Out Our Latest Report on Ecovyst

Ecovyst Trading Down 0.2%

Shares of ECVT stock opened at $9.00 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.25. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -74.96, a PEG ratio of 0.68 and a beta of 1.24. Ecovyst has a 52-week low of $5.24 and a 52-week high of $9.31. The company has a 50-day simple moving average of $8.72 and a two-hundred day simple moving average of $7.56.

Ecovyst (NYSE:ECVT – Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $200.10 million for the quarter, compared to analysts’ expectations of $204.27 million. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. Research analysts anticipate that Ecovyst will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of Ecovyst by 200.7% during the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company’s stock worth $32,000 after acquiring an additional 3,489 shares during the period. GAMMA Investing LLC boosted its position in Ecovyst by 11,312.2% during the first quarter. GAMMA Investing LLC now owns 5,592 shares of the company’s stock worth $35,000 after purchasing an additional 5,543 shares during the period. CWM LLC boosted its position in Ecovyst by 63.0% during the second quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after purchasing an additional 2,298 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Ecovyst by 1,769.9% in the second quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after purchasing an additional 5,823 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of Ecovyst by 60.1% in the first quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after purchasing an additional 3,396 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Company Profile

(Get Free Report)

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. 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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