PureCycle Technologies, Inc. (NYSE:PCT – Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors bought 16,675 call options on the stock. This represents an increase of approximately 116% compared to the average volume of 7,735 call options.
PureCycle Technologies Stock Performance
Shares of NYSE:PCT traded up $1.82 on Thursday, hitting $12.86. The company had a trading volume of 2,958,560 shares, compared to its average volume of 2,260,054. The stock has a 50 day moving average price of $7.98 and a 200 day moving average price of $6.51. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.06. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -11.73 and a beta of 1.63. PureCycle Technologies has a 1-year low of $2.38 and a 1-year high of $12.99.
PureCycle Technologies (NYSE:PCT – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.13). Analysts expect that PureCycle Technologies will post -0.85 EPS for the current year.
Analyst Ratings Changes
Check Out Our Latest Report on PCT
Insider Buying and Selling
In other PureCycle Technologies news, major shareholder Sylebra Capital Llc acquired 4,264,393 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $4.69 per share, for a total transaction of $20,000,003.17. Following the purchase, the insider now owns 33,050,456 shares in the company, valued at $155,006,638.64. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 11.44% of the company’s stock.
Hedge Funds Weigh In On PureCycle Technologies
A number of hedge funds have recently bought and sold shares of the business. Longview Asset Management LLC acquired a new position in shares of PureCycle Technologies during the 2nd quarter worth approximately $57,521,000. Abundance Wealth Counselors increased its stake in PureCycle Technologies by 21.0% during the 1st quarter. Abundance Wealth Counselors now owns 6,782,137 shares of the company’s stock worth $42,185,000 after acquiring an additional 1,178,570 shares during the period. Van ECK Associates Corp acquired a new position in PureCycle Technologies in the 2nd quarter valued at $3,121,000. Sanctuary Advisors LLC bought a new stake in shares of PureCycle Technologies during the 2nd quarter valued at $689,000. Finally, Long Focus Capital Management LLC grew its holdings in shares of PureCycle Technologies by 3.2% during the 2nd quarter. Long Focus Capital Management LLC now owns 2,403,781 shares of the company’s stock worth $14,230,000 after purchasing an additional 75,000 shares in the last quarter. 63.01% of the stock is owned by institutional investors.
About PureCycle Technologies
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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