PureCycle Technologies, Inc. (NYSE:PCT – Get Free Report) was the target of unusually large options trading activity on Thursday. Stock investors purchased 16,675 call options on the company. This represents an increase of 116% compared to the average volume of 7,735 call options.
PureCycle Technologies Price Performance
Shares of NYSE:PCT opened at $14.12 on Friday. PureCycle Technologies has a one year low of $2.38 and a one year high of $15.58. The stock has a market cap of $2.33 billion, a PE ratio of -14.71 and a beta of 1.63. The business’s fifty day moving average price is $8.32 and its two-hundred day moving average price is $6.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.54 and a current ratio of 0.67.
PureCycle Technologies (NYSE:PCT – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.13). On average, analysts forecast that PureCycle Technologies will post -0.98 EPS for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Analysis on PureCycle Technologies
Insider Transactions at PureCycle Technologies
In other news, major shareholder Sylebra Capital Llc acquired 4,264,393 shares of PureCycle Technologies stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $4.69 per share, for a total transaction of $20,000,003.17. Following the completion of the transaction, the insider now directly owns 33,050,456 shares in the company, valued at approximately $155,006,638.64. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.44% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PCT. Fortis Group Advisors LLC acquired a new stake in shares of PureCycle Technologies during the 1st quarter worth $67,000. Algert Global LLC acquired a new stake in PureCycle Technologies during the second quarter worth about $69,000. Tidal Investments LLC purchased a new position in shares of PureCycle Technologies in the 1st quarter worth about $70,000. Bayesian Capital Management LP purchased a new position in shares of PureCycle Technologies in the 1st quarter worth about $98,000. Finally, Park Edge Advisors LLC acquired a new position in shares of PureCycle Technologies in the 3rd quarter valued at about $100,000. Institutional investors and hedge funds own 63.01% of the company’s stock.
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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