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

Ecovyst Inc. (NYSE:ECVT) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.24 and last traded at $5.36, with a volume of 130579 shares. The stock had previously closed at $5.33.

Analysts Set New Price Targets

A number of analysts have recently commented on ECVT shares. Citigroup boosted their target price on shares of Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. BMO Capital Markets dropped their price objective on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd. Finally, BWS Financial reaffirmed a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Friday, February 28th.

Ecovyst Price Performance

The firm has a fifty day moving average price of $6.98 and a two-hundred day moving average price of $7.29. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $691.88 million, a P/E ratio of 12.82, a P/E/G ratio of 1.04 and a beta of 1.02.

Institutional Trading of Ecovyst

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Ecovyst by 11,312.2% during the first quarter. GAMMA Investing LLC now owns 5,592 shares of the company’s stock valued at $35,000 after buying an additional 5,543 shares during the last quarter. Versant Capital Management Inc boosted its stake in Ecovyst by 200.7% during the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company’s stock valued at $32,000 after purchasing an additional 3,489 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of Ecovyst in the 4th quarter worth $444,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Ecovyst by 27.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,731 shares of the company’s stock worth $1,900,000 after purchasing an additional 52,943 shares during the last quarter. Finally, Western Standard LLC lifted its holdings in shares of Ecovyst by 79.3% during the fourth quarter. Western Standard LLC now owns 1,251,626 shares of the company’s stock valued at $9,562,000 after purchasing an additional 553,590 shares in the last quarter. 86.69% of the stock is currently owned by 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.