Ecovyst (NYSE:ECVT) Cut to “Hold” at Wall Street Zen

Ecovyst (NYSE:ECVT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

Separately, BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $10.00.

Ecovyst Stock Performance

ECVT opened at $9.00 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 1.22. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -74.96, a PEG ratio of 0.69 and a beta of 1.24. Ecovyst has a 52-week low of $5.24 and a 52-week high of $9.31. The firm’s fifty day simple moving average is $8.72 and its two-hundred day simple moving average is $7.57.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business 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 company’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. Equities analysts anticipate that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

Several hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new position in shares of Ecovyst in the second quarter worth about $1,239,000. Tower Research Capital LLC TRC lifted its stake in shares of Ecovyst by 370.2% in the second quarter. Tower Research Capital LLC TRC now owns 18,008 shares of the company’s stock worth $148,000 after buying an additional 14,178 shares in the last quarter. Shay Capital LLC lifted its stake in shares of Ecovyst by 84.6% in the second quarter. Shay Capital LLC now owns 517,000 shares of the company’s stock worth $4,255,000 after buying an additional 237,000 shares in the last quarter. Rubric Capital Management LP acquired a new stake in Ecovyst during the second quarter worth about $38,741,000. Finally, Man Group plc acquired a new stake in Ecovyst during the second quarter worth about $2,469,000. 86.69% of the stock is owned by hedge funds and other institutional investors.

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.