Ecovyst’s (ECVT) Buy Rating Reiterated at BWS Financial

BWS Financial restated their buy rating on shares of Ecovyst (NYSE:ECVT) in a report released on Wednesday,Benzinga reports. They currently have a $12.00 price target on the stock.

Separately, BMO Capital Markets raised their price objective on shares of Ecovyst from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday.

Ecovyst Trading Up 0.6 %

Shares of NYSE:ECVT opened at $8.05 on Wednesday. The stock’s 50-day simple moving average is $7.30 and its two-hundred day simple moving average is $7.85. The stock has a market capitalization of $937.32 million, a price-to-earnings ratio of 17.49, a PEG ratio of 1.85 and a beta of 1.06. Ecovyst has a 52-week low of $6.02 and a 52-week high of $11.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ECVT. Innealta Capital LLC purchased a new position in Ecovyst during the second quarter valued at approximately $35,000. CWM LLC boosted its holdings in Ecovyst by 6,920.7% in the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after buying an additional 4,014 shares during the period. Quarry LP boosted its holdings in Ecovyst by 61.2% in the 2nd quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after buying an additional 1,721 shares during the period. Capstone Investment Advisors LLC bought a new stake in Ecovyst during the third quarter valued at about $86,000. Finally, SG Americas Securities LLC bought a new stake in Ecovyst during the second quarter valued at about $95,000. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Company Profile

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.