PureCycle Technologies, Inc. (NASDAQ:PCTTU – Get Free Report)’s share price dropped 14.2% on Tuesday . The stock traded as low as $17.80 and last traded at $15.01. Approximately 340 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 2,498 shares. The stock had previously closed at $17.49.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PureCycle Technologies in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
View Our Latest Stock Analysis on PureCycle Technologies
PureCycle Technologies Trading Down 14.2%
About PureCycle Technologies
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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