Ecovyst (NYSE:ECVT) Trading Down 6.2% After Analyst Downgrade

Ecovyst Inc. (NYSE:ECVT)’s share price was down 6.2% during trading on Thursday after Citigroup lowered their price target on the stock from $16.00 to $14.50. Citigroup currently has a neutral rating on the stock. Ecovyst traded as low as $11.86 and last traded at $11.8490. Approximately 939,824 shares traded hands during trading, a decline of 48% from the average daily volume of 1,819,297 shares. The stock had previously closed at $12.63.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. BWS Financial raised their target price on shares of Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. KeyCorp lifted their target price on shares of Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Wall Street Zen upgraded shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ecovyst currently has an average rating of “Moderate Buy” and an average price target of $13.90.

Hedge Funds Weigh In On Ecovyst

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestrel Investment Management Corp bought a new position in shares of Ecovyst in the 4th quarter worth about $3,965,000. Clearline Capital LP bought a new stake in Ecovyst during the third quarter worth about $1,473,000. Mangrove Partners IM LLC grew its holdings in Ecovyst by 20.6% in the third quarter. Mangrove Partners IM LLC now owns 5,474,057 shares of the company’s stock worth $47,953,000 after purchasing an additional 935,647 shares during the period. Simcoe Capital Management LLC purchased a new stake in Ecovyst in the third quarter worth about $6,725,000. Finally, Invenomic Capital Management LP bought a new position in shares of Ecovyst during the third quarter valued at approximately $16,729,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Down 5.6%

The stock’s 50 day simple moving average is $13.64 and its two-hundred day simple moving average is $11.99. The firm has a market cap of $1.31 billion, a P/E ratio of -21.49, a P/E/G ratio of 0.59 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.38 and a quick ratio of 2.13.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $214.95 million for the quarter, compared to analysts’ expectations of $191.07 million. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.The business’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 EPS. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. As a group, research analysts forecast that Ecovyst Inc. will post 0.56 earnings per share for the current year.

About Ecovyst

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.