Ecovyst (NYSE:ECVT) Shares Gap Down – Here’s What Happened

Ecovyst Inc. (NYSE:ECVT)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $8.27, but opened at $7.62. Ecovyst shares last traded at $7.7050, with a volume of 455,756 shares trading hands.

Analysts Set New Price Targets

ECVT has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Ecovyst from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Wall Street Zen downgraded shares of Ecovyst from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. BWS Financial reiterated a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research report on Monday, August 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.67.

Ecovyst Stock Down 6.5%

The business’s fifty day moving average price is $8.70 and its two-hundred day moving average price is $8.18. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. The firm has a market cap of $885.02 million, a P/E ratio of -64.54, a P/E/G ratio of 3.50 and a beta of 1.20.

Ecovyst (NYSE:ECVT) last announced its earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $200.10 million for the quarter, compared to the consensus estimate of $204.27 million. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. As a group, equities research analysts anticipate that Ecovyst Inc. will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ECVT. Teacher Retirement System of Texas bought a new position in Ecovyst in the 1st quarter worth $100,000. Bank of New York Mellon Corp raised its holdings in Ecovyst by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 372,061 shares of the company’s stock worth $2,307,000 after acquiring an additional 4,293 shares during the period. Victory Capital Management Inc. raised its holdings in Ecovyst by 196.9% in the 1st quarter. Victory Capital Management Inc. now owns 38,656 shares of the company’s stock worth $240,000 after acquiring an additional 25,636 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ecovyst during the 1st quarter worth about $78,000. Finally, Royce & Associates LP bought a new position in shares of Ecovyst during the 1st quarter worth about $73,000. Institutional investors own 86.69% of the company’s stock.

About Ecovyst

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.