Ecovyst (NYSE:ECVT) Hits New 12-Month High – Here’s What Happened

Ecovyst Inc. (NYSE:ECVT)’s stock price reached a new 52-week high on Thursday . The company traded as high as $14.96 and last traded at $14.8950, with a volume of 266846 shares changing hands. The stock had previously closed at $14.68.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ECVT. KeyCorp upped their target price on Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Citigroup upped their target price on Ecovyst from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. BWS Financial upped their target price on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen upgraded Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.20.

Ecovyst Stock Up 2.5%

The firm has a 50 day moving average of $13.05 and a 200 day moving average of $10.98. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -27.28, a PEG ratio of 1.93 and a beta of 1.12. The company has a quick ratio of 2.13, a current ratio of 2.38 and a debt-to-equity ratio of 0.68.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The business had revenue of $214.95 million for the quarter, compared to analyst estimates of $191.07 million. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.The company’s quarterly revenue was up 50.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. As a group, sell-side analysts predict that Ecovyst Inc. will post 0.51 earnings per share for the current year.

Institutional Trading of Ecovyst

A number of hedge funds have recently bought and sold shares of the business. Inceptionr LLC bought a new stake in Ecovyst during the first quarter worth $231,000. Sei Investments Co. lifted its holdings in Ecovyst by 80.3% during the first quarter. Sei Investments Co. now owns 938,031 shares of the company’s stock worth $12,063,000 after acquiring an additional 417,862 shares during the period. State of Wyoming bought a new stake in Ecovyst during the first quarter worth $80,000. First Wilshire Securities Management Inc. lifted its holdings in Ecovyst by 1.0% during the first quarter. First Wilshire Securities Management Inc. now owns 2,196,784 shares of the company’s stock worth $28,251,000 after acquiring an additional 21,850 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Ecovyst by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company’s stock worth $83,573,000 after acquiring an additional 111,376 shares during the period. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Company Profile

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.