Insider Selling: Li-Cycle Holdings Corp. (NYSE:LICY) Director Sells $10,303.92 in Stock

Li-Cycle Holdings Corp. (NYSE:LICY) Director Mark Wellings sold 15,612 shares of Li-Cycle stock in a transaction that occurred on Wednesday, May 1st. The shares were 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 can be accessed through this link.

Li-Cycle Stock Up 0.1 %

Shares of LICY opened at $0.71 on Monday. Li-Cycle Holdings Corp. has a 52 week low of $0.35 and a 52 week high of $6.16. The business’s 50 day moving average price is $0.79 and its 200-day moving average price is $0.77. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.95 and a quick ratio of 0.89.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Li-Cycle

Several institutional investors have recently made changes to their positions in the business. Palisades Hudson Asset Management L.P. bought a new stake in Li-Cycle during the third quarter valued at approximately $39,000. Catalina Capital Group LLC bought a new stake in shares of Li-Cycle during the 1st quarter valued at $40,000. Simplicity Wealth LLC purchased a new stake in shares of Li-Cycle in the 1st quarter worth $45,000. Prime Capital Investment Advisors LLC bought a new position in Li-Cycle in the 3rd quarter worth $54,000. Finally, Oak Harbor Wealth Partners LLC raised its holdings in Li-Cycle by 39.5% in the 1st quarter. Oak Harbor Wealth Partners LLC now owns 53,000 shares of the company’s stock worth $55,000 after purchasing an additional 15,000 shares during the period. Institutional investors own 54.12% of the company’s stock.

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.