Ecovyst Inc. (NYSE:ECVT – Get Free Report)’s share price shot up 4% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $10.45 and last traded at $10.3640. 247,857 shares traded hands during trading, a decline of 86% from the average session volume of 1,715,627 shares. The stock had previously closed at $9.97.
Specifically, Director Patti Humble bought 24,875 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of $10.05 per share, with a total value of $249,993.75. Following the completion of the purchase, the director directly owned 33,974 shares of the company’s stock, valued at approximately $341,438.70. This trade represents a 273.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Analyst Ratings Changes
A number of equities analysts have commented on ECVT shares. Citigroup started coverage on Ecovyst in a report on Wednesday, June 24th. They set an “overweight” rating for the company. Freedom Capital upgraded shares of Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. BWS Financial reiterated a “buy” rating and set a $16.00 price target on shares of Ecovyst in a report on Thursday, August 6th. Wall Street Zen raised shares of Ecovyst from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 target price on shares of Ecovyst in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.62.
Ecovyst Price Performance
The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -19.55, a price-to-earnings-growth ratio of 0.44 and a beta of 1.07. The stock’s fifty day moving average price is $11.11 and its two-hundred day moving average price is $12.32. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84.
Ecovyst (NYSE:ECVT – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $249.96 million during the quarter, compared to the consensus estimate of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Equities research analysts expect that Ecovyst Inc. will post 0.6 EPS for the current year.
Institutional Trading of Ecovyst
A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Ecovyst during the 2nd quarter worth about $65,000. OP Asset Management Ltd acquired a new stake in shares of Ecovyst during the 1st quarter worth about $77,000. State of Wyoming purchased a new stake in Ecovyst during the first quarter worth approximately $80,000. Summit Securities Group LLC purchased a new stake in Ecovyst during the first quarter worth approximately $154,000. Finally, Inceptionr LLC purchased a new stake in Ecovyst during the first quarter worth approximately $231,000. 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 related services used in refining, petrochemical, chemical, renewable-fuels and industrial applications. The company develops and manufactures zeolite-based catalysts, molecular sieves and other advanced materials that help customers improve chemical processes, product performance and emissions control.
Ecovyst also operates a specialty services business that provides sulfuric acid regeneration, spent-acid management, catalyst recovery and related environmental services.
Further Reading
- Five stocks we like better than Ecovyst
- A Sub-20 P/E on GOOGL? The Market May Be Missing Something
- SpaceX Defies Gravity With a Nasdaq-100 Double-Weighting Boost
- Navan’s Strong Quarter Meets an AI Spending Reality Check
- LightPath’s Defense Pivot Could Send Shares Higher
Receive News & Ratings for Ecovyst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecovyst and related companies with MarketBeat.com's FREE daily email newsletter.
