Mark Wellings Sells 15,612 Shares of Li-Cycle Holdings Corp. (NYSE:LICY) Stock

Li-Cycle Holdings Corp. (NYSE:LICY) Director Mark Wellings sold 15,612 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $0.66, for a total value of $10,303.92. Following the sale, the director now owns 169,158 shares in the company, valued at $111,644.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Li-Cycle Price Performance

NYSE:LICY opened at $0.71 on Friday. The stock’s 50-day moving average is $0.79 and its 200-day moving average is $0.78. Li-Cycle Holdings Corp. has a 1-year low of $0.35 and a 1-year high of $6.16. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.89 and a current ratio of 0.95.

Li-Cycle (NYSE:LICY) last announced its earnings results on Friday, March 15th. The company reported $0.38 EPS for the quarter. Li-Cycle had a negative return on equity of 13.33% and a negative net margin of 754.10%. The business had revenue of $6.40 million for the quarter, compared to analysts’ expectations of $3.53 million.

Institutional Trading of Li-Cycle

Institutional investors have recently added to or reduced their stakes in the stock. Palisades Hudson Asset Management L.P. bought a new stake in Li-Cycle in the third quarter valued at approximately $39,000. Catalina Capital Group LLC bought a new stake in Li-Cycle in the first quarter valued at approximately $40,000. Simplicity Wealth LLC bought a new stake in Li-Cycle in the first quarter valued at approximately $45,000. Prime Capital Investment Advisors LLC bought a new stake in Li-Cycle in the third quarter valued at approximately $54,000. Finally, Oak Harbor Wealth Partners LLC boosted its holdings in Li-Cycle by 39.5% in the first quarter. Oak Harbor Wealth Partners LLC now owns 53,000 shares of the company’s stock valued at $55,000 after acquiring an additional 15,000 shares during the last quarter. 54.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Chardan Capital restated a “neutral” rating and set a $0.75 price target on shares of Li-Cycle in a report on Friday, April 19th.

Li-Cycle Company Profile

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals.