Shares of PureCycle Technologies, Inc. (NYSE:PCT – Get Rating) saw unusually-strong trading volume on Tuesday . Approximately 58,283 shares changed hands during mid-day trading, a decline of 95% from the previous session’s volume of 1,081,592 shares.The stock last traded at $6.17 and had previously closed at $6.09.
Analysts Set New Price Targets
Several equities research analysts have issued reports on PCT shares. Stifel Nicolaus began coverage on shares of PureCycle Technologies in a report on Thursday, September 15th. They issued a “buy” rating and a $15.00 price target on the stock. Cowen lowered their target price on shares of PureCycle Technologies from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 11th.
PureCycle Technologies Stock Performance
The company’s fifty day moving average price is $8.04 and its two-hundred day moving average price is $8.32. The company has a quick ratio of 7.01, a current ratio of 7.01 and a debt-to-equity ratio of 0.45.
Institutional Investors Weigh In On PureCycle Technologies
PureCycle Technologies Company Profile
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.
- Get a free copy of the StockNews.com research report on PureCycle Technologies (PCT)
- Microsoft Shares: Is it Time to Back Up the Truck?
- Is the 60/40 Portfolio Mix Still in Vogue?
- Three CBD Stocks to Dominate a Budding Industry
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Institutional Support for Analog Devices Remains High
Receive News & Ratings for PureCycle Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PureCycle Technologies and related companies with MarketBeat.com's FREE daily email newsletter.