Li-Cycle (NYSE:LICY) Price Target Raised to $2.25 at UBS Group

Li-Cycle (NYSE:LICY) had its price target boosted by UBS Group from $2.00 to $2.25 in a research report released on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Li-Cycle Trading Down 1.4 %

Shares of NYSE:LICY opened at $2.08 on Monday. The business has a 50 day moving average of $2.32 and a 200-day moving average of $3.19. The stock has a market cap of $48.30 million, a PE ratio of -1.66 and a beta of 1.50. Li-Cycle has a 12-month low of $1.22 and a 12-month high of $15.36. The company has a quick ratio of 0.54, a current ratio of 0.60 and a debt-to-equity ratio of 1.16.

Institutional Trading of Li-Cycle

A number of institutional investors and hedge funds have recently made changes to their positions in LICY. Townsquare Capital LLC acquired a new position in Li-Cycle during the third quarter valued at approximately $37,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Li-Cycle during the 1st quarter valued at approximately $56,000. Summit Securities Group LLC acquired a new position in shares of Li-Cycle during the second quarter worth $68,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Li-Cycle by 55,310.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 79,237 shares of the company’s stock valued at $82,000 after acquiring an additional 79,094 shares during the last quarter. Finally, Ground Swell Capital LLC bought a new position in Li-Cycle in the second quarter valued at about $89,000. Institutional investors own 54.12% of the company’s stock.

About Li-Cycle

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.