Li-Cycle Holdings Corp. (NYSE:LICY) Director Mark Wellings Sells 15,612 Shares

Li-Cycle Holdings Corp. (NYSE:LICY) Director Mark Wellings sold 15,612 shares of Li-Cycle stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $0.66, for a total transaction of $10,303.92. Following the completion of the transaction, the director now directly owns 169,158 shares of the company’s stock, valued at $111,644.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Li-Cycle Trading Up 0.1 %

Shares of Li-Cycle stock opened at $0.71 on Monday. The business has a fifty day simple moving average of $0.79 and a 200-day simple moving average of $0.77. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.77. Li-Cycle Holdings Corp. has a 12 month low of $0.35 and a 12 month high of $6.16.

Li-Cycle (NYSE:LICY) last issued its earnings results on Friday, March 15th. The company reported $0.38 earnings per share for the quarter. The company had revenue of $6.40 million for the quarter, compared to the consensus estimate of $3.53 million. Li-Cycle had a negative return on equity of 13.33% and a negative net margin of 754.10%.

Wall Street Analysts Forecast Growth

Separately, Chardan Capital restated a “neutral” rating and issued a $0.75 target price on shares of Li-Cycle in a research note on Friday, April 19th.

Institutional Investors Weigh In On Li-Cycle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LICY. Palisades Hudson Asset Management L.P. acquired a new position in shares of Li-Cycle in the third quarter worth $39,000. Catalina Capital Group LLC purchased a new position in Li-Cycle in the first quarter valued at about $40,000. Simplicity Wealth LLC acquired a new position in Li-Cycle in the 1st quarter worth about $45,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Li-Cycle during the 3rd quarter worth about $54,000. Finally, Oak Harbor Wealth Partners LLC lifted its holdings in shares of Li-Cycle by 39.5% during the 1st quarter. Oak Harbor Wealth Partners LLC now owns 53,000 shares of the company’s stock valued at $55,000 after buying an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 54.12% of the company’s stock.

Li-Cycle Company Profile

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals.