PureCycle Technologies (NYSE:PCT) Trading 8% Higher

PureCycle Technologies, Inc. (NYSE:PCT) shares rose 8% during trading on Friday . The company traded as high as $5.53 and last traded at $5.53. Approximately 226,343 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 2,400,271 shares. The stock had previously closed at $5.12.

PureCycle Technologies Trading Up 7.2 %

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.84. The business has a 50 day simple moving average of $5.45 and a two-hundred day simple moving average of $4.67. The stock has a market cap of $903.82 million, a price-to-earnings ratio of -5.29 and a beta of 1.60.

PureCycle Technologies (NYSE:PCT) last released its earnings results on Tuesday, March 5th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.08. As a group, equities analysts anticipate that PureCycle Technologies, Inc. will post -0.73 EPS for the current year.

Insider Transactions at PureCycle Technologies

In other news, Director Fernando Musa acquired 18,303 shares of the business’s stock in a transaction on Friday, March 8th. The shares were purchased at an average price of $5.46 per share, for a total transaction of $99,934.38. Following the completion of the purchase, the director now directly owns 68,413 shares of the company’s stock, valued at approximately $373,534.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.44% of the company’s stock.

Institutional Trading of PureCycle Technologies

Several institutional investors have recently added to or reduced their stakes in PCT. VitalStone Financial LLC boosted its holdings in shares of PureCycle Technologies by 163.9% in the 4th quarter. VitalStone Financial LLC now owns 9,500 shares of the company’s stock valued at $38,000 after buying an additional 5,900 shares during the period. RIA Advisory Group LLC acquired a new stake in shares of PureCycle Technologies during the 4th quarter worth approximately $40,000. Integrated Advisors Network LLC bought a new stake in shares of PureCycle Technologies in the 3rd quarter worth approximately $56,000. Symphony Financial Ltd. Co. acquired a new position in PureCycle Technologies during the 4th quarter valued at approximately $43,000. Finally, Fortis Group Advisors LLC bought a new position in PureCycle Technologies during the 1st quarter worth $67,000. Institutional investors own 63.01% of the company’s stock.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.