Li-Cycle (NYSE:LICY – Get Free Report) last announced its quarterly earnings results on Monday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.20). The company had revenue of $3.60 million during the quarter, compared to analyst estimates of $8.03 million. On average, analysts expect Li-Cycle to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Li-Cycle Stock Up 0.9 %
Shares of NYSE:LICY opened at $4.60 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.80 and a quick ratio of 4.77. The business has a 50 day moving average of $5.28 and a two-hundred day moving average of $5.23. Li-Cycle has a 12-month low of $4.09 and a 12-month high of $7.49.
Wall Street Analysts Forecast Growth
Institutional Trading of Li-Cycle
Several large investors have recently made changes to their positions in the company. Clear Street Markets LLC purchased a new stake in Li-Cycle in the 4th quarter valued at $25,000. Tower Research Capital LLC TRC grew its holdings in Li-Cycle by 135.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 5,292 shares of the company’s stock valued at $30,000 after buying an additional 3,046 shares in the last quarter. Captrust Financial Advisors grew its holdings in Li-Cycle by 38.2% in the 1st quarter. Captrust Financial Advisors now owns 5,750 shares of the company’s stock valued at $49,000 after buying an additional 1,590 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Li-Cycle in the 2nd quarter valued at $56,000. Finally, XTX Topco Ltd purchased a new stake in Li-Cycle in the 1st quarter valued at $57,000. 59.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
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