Ecovyst (NYSE:ECVT) Shares Down 5.4% – Time to Sell?

Ecovyst Inc. (NYSE:ECVT)’s stock price fell 5.4% during mid-day trading on Thursday . The stock traded as low as $8.54 and last traded at $8.5720. 3,571,220 shares were traded during trading, an increase of 183% from the average session volume of 1,263,910 shares. The stock had previously closed at $9.06.

Analyst Ratings Changes

A number of research analysts have recently commented on ECVT shares. KeyCorp cut their target price on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft cut their price objective on Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. BWS Financial reiterated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ecovyst presently has an average rating of “Moderate Buy” and an average target price of $11.40.

Ecovyst Stock Down 4.6%

The business has a 50 day moving average of $8.50 and a two-hundred day moving average of $8.49. The stock has a market capitalization of $985.69 million, a PE ratio of -9.28, a PEG ratio of 1.54 and a beta of 1.25. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.07 and a current ratio of 2.25.

Ecovyst (NYSE:ECVT) last announced its earnings results on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The firm had revenue of $204.91 million during the quarter, compared to the consensus estimate of $204.74 million. Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%. Analysts predict that Ecovyst Inc. will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Ecovyst

Several institutional investors and hedge funds have recently bought and sold shares of ECVT. State of Alaska Department of Revenue purchased a new position in shares of Ecovyst during the 3rd quarter worth $48,000. CWM LLC lifted its position in Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company’s stock valued at $49,000 after buying an additional 2,298 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Ecovyst by 1,769.9% in the second quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock valued at $51,000 after buying an additional 5,823 shares during the last quarter. AlphaQuest LLC boosted its stake in Ecovyst by 60.1% during the first quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock worth $56,000 after buying an additional 3,396 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ecovyst during the first quarter valued at about $78,000. 86.69% of the stock is owned by hedge funds and other institutional investors.

Ecovyst Company Profile

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.