PureCycle Technologies, Inc. (NASDAQ:PCTTU – Get Free Report) traded down 6.4% on Monday . The stock traded as low as $11.00 and last traded at $10.30. 9 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,332 shares. The stock had previously closed at $11.00.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PureCycle Technologies in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, PureCycle Technologies has a consensus rating of “Sell”.
Read Our Latest Report on PCTTU
PureCycle Technologies Trading Down 6.4%
PureCycle Technologies Company Profile
PureCycle Technologies (NASDAQ: PCTTU) is a U.S.-based recycling and technology company specializing in the purification of post-consumer polypropylene waste. Headquartered in Orlando, Florida, PureCycle employs a proprietary, solvent-based purification process originally developed at Procter & Gamble to convert polypropylene feedstock—such as discarded food packaging, industrial scrap and consumer goods—into an ultra-pure recycled resin. The resulting Ultra-Pure Recycled Polypropylene (UPRP) offers performance characteristics nearly identical to virgin polypropylene, enabling its use in demanding applications across diverse industries.
The company was founded in 2015 as a joint venture with technology licensed from Procter & Gamble and subsequently spun out as an independent public company.
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