Ecovyst (NYSE:ECVT) Sets New 52-Week Low – Time to Sell?

Ecovyst Inc. (NYSE:ECVT) reached a new 52-week low during trading on Thursday . The company traded as low as $5.92 and last traded at $6.03, with a volume of 228537 shares. The stock had previously closed at $6.46.

Analyst Ratings Changes

ECVT has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. BWS Financial reissued a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Friday, February 28th. Finally, Citigroup lifted their price target on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th.

Ecovyst Trading Down 8.3 %

The firm has a fifty day moving average of $7.31 and a two-hundred day moving average of $7.34. The company has a market cap of $695.40 million, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17.

Institutional Trading of Ecovyst

Several hedge funds and other institutional investors have recently modified their holdings of ECVT. Versant Capital Management Inc grew its stake in Ecovyst by 200.7% in the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company’s stock valued at $32,000 after buying an additional 3,489 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after acquiring an additional 1,896 shares during the period. Deerfield Management Company L.P. Series C purchased a new position in shares of Ecovyst in the fourth quarter valued at $79,000. Bridgefront Capital LLC bought a new stake in shares of Ecovyst during the 4th quarter valued at $81,000. Finally, Cibc World Markets Corp purchased a new stake in Ecovyst during the 4th quarter worth about $83,000. Institutional investors own 86.69% of the company’s stock.

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.