Ecovyst (NYSE:ECVT) Reaches New 12-Month High – What’s Next?

Ecovyst Inc. (NYSE:ECVT)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $10.63 and last traded at $10.6150, with a volume of 1005405 shares. The stock had previously closed at $10.50.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. KeyCorp lowered their price target on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a report on Friday, January 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Finally, Citigroup boosted their price objective on shares of Ecovyst from $8.50 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.60.

Ecovyst Trading Up 1.1%

The stock has a market capitalization of $1.21 billion, a P/E ratio of -11.41, a P/E/G ratio of 1.36 and a beta of 1.20. The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average price of $9.18 and a two-hundred day moving average price of $8.85.

Ecovyst (NYSE:ECVT) last released its earnings results on Tuesday, November 4th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $204.91 million for 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%. On average, analysts expect that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in shares of Ecovyst by 8.6% during the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock worth $279,000 after buying an additional 3,571 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ecovyst by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after acquiring an additional 2,874 shares during the period. Empowered Funds LLC boosted its stake in Ecovyst by 7.5% during the first quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock worth $2,133,000 after acquiring an additional 23,951 shares in the last quarter. Jane Street Group LLC grew its holdings in Ecovyst by 954.1% in the first quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock worth $877,000 after purchasing an additional 128,105 shares during the period. Finally, CWM LLC grew its holdings in Ecovyst by 63.0% in 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. Institutional investors and hedge funds own 86.69% of the company’s stock.

About Ecovyst

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.