PureCycle Technologies, Inc. (NYSE:PCT – Get Free Report)’s stock price was up 6% during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from $7.00 to $8.00. Stifel Nicolaus currently has a buy rating on the stock. PureCycle Technologies traded as high as $5.99 and last traded at $5.98. Approximately 515,814 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 2,181,842 shares. The stock had previously closed at $5.64.
Other analysts have also recently issued research reports about the company. Craig Hallum increased their target price on shares of PureCycle Technologies from $4.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday. TD Cowen lifted their target price on shares of PureCycle Technologies from $7.50 to $10.00 and gave the company a “buy” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.75.
View Our Latest Stock Analysis on PCT
Institutional Trading of PureCycle Technologies
PureCycle Technologies Stock Performance
The firm has a fifty day moving average price of $6.11 and a 200 day moving average price of $5.56. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $971.32 million, a PE ratio of -5.91 and a beta of 1.62.
PureCycle Technologies Company Profile
PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.
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