PureCycle Technologies (NYSE:PCT – Free Report) had its price target upped by TD Cowen from $6.00 to $7.50 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the stock.
PureCycle Technologies Trading Down 1.0 %
PureCycle Technologies stock opened at $5.99 on Tuesday. The stock has a 50-day simple moving average of $5.38 and a 200 day simple moving average of $4.95. The stock has a market capitalization of $986.13 million, a P/E ratio of -5.87 and a beta of 1.61. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.17 and a current ratio of 1.17. PureCycle Technologies has a 52 week low of $2.38 and a 52 week high of $11.89.
PureCycle Technologies (NYSE:PCT – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). Analysts expect that PureCycle Technologies will post -0.73 earnings per share for the current year.
Hedge Funds Weigh In On PureCycle Technologies
PureCycle Technologies Company Profile
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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