PureCycle Technologies (NYSE:PCT – Get Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
NYSE:PCT opened at $8.38 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 8.98 and a quick ratio of 8.98. The firm’s 50-day moving average price is $8.15 and its 200-day moving average price is $9.10. The company has a market capitalization of $1.37 billion, a PE ratio of -7.64 and a beta of 1.12. PureCycle Technologies has a 1-year low of $4.94 and a 1-year high of $27.92.
In other news, CEO Michael Otworth bought 142,856 shares of the stock in a transaction on Thursday, March 17th. The shares were bought at an average price of $7.00 per share, with a total value of $999,992.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Warner Brenner sold 225,000 shares of the business’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $7.86, for a total value of $1,768,500.00. The disclosure for this sale can be found here. Corporate insiders own 11.10% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Craig Hallum cut their price objective on shares of PureCycle Technologies from $26.00 to $18.00 in a report on Thursday, March 10th. Zacks Investment Research downgraded PureCycle Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 18th. Finally, Oppenheimer reiterated a “buy” rating and set a $16.00 price objective on shares of PureCycle Technologies in a research note on Thursday, April 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $21.63.
PureCycle Technologies Company Profile (Get Rating)
PureCycle Technologies, Inc produces recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled resin. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. The company was founded in 2015 and is headquartered in Orlando, Florida.
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