PureCycle Technologies (NASDAQ:PCTTU) Stock Price Up 8.1% – What’s Next?

PureCycle Technologies, Inc. (NASDAQ:PCTTU)’s stock price rose 8.1% during trading on Thursday . The stock traded as high as $9.73 and last traded at $9.73. Approximately 800 shares were traded during trading, a decline of 29% from the average daily volume of 1,133 shares. The stock had previously closed at $9.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of PureCycle Technologies in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

PureCycle Technologies Trading Up 113.2%

The firm’s fifty day simple moving average is $11.43 and its 200 day simple moving average is $14.43.

PureCycle Technologies Company Profile

PureCycle Technologies (NASDAQ: PCTTU) is a U.S.-based recycling and technology company specializing in the purification of post-consumer polypropylene waste. Headquartered in Orlando, Florida, PureCycle employs a proprietary, solvent-based purification process originally developed at Procter & Gamble to convert polypropylene feedstock—such as discarded food packaging, industrial scrap and consumer goods—into an ultra-pure recycled resin. The resulting Ultra-Pure Recycled Polypropylene (UPRP) offers performance characteristics nearly identical to virgin polypropylene, enabling its use in demanding applications across diverse industries.

The company was founded in 2015 as a joint venture with technology licensed from Procter & Gamble and subsequently spun out as an independent public company.