Mark Wellings Sells 15,612 Shares of Li-Cycle Holdings Corp. (NYSE:LICY) Stock

Li-Cycle Holdings Corp. (NYSE:LICY) Director Mark Wellings sold 15,612 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $0.66, for a total transaction of $10,303.92. Following the completion of the transaction, the director now owns 169,158 shares of the company’s stock, valued at approximately $111,644.28. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Li-Cycle Stock Performance

Shares of LICY opened at $0.71 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $0.79 and a two-hundred day moving average price of $0.78. Li-Cycle Holdings Corp. has a 52-week low of $0.35 and a 52-week high of $6.16.

Li-Cycle (NYSE:LICY) last announced its 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 analyst estimates of $3.53 million. Li-Cycle had a negative return on equity of 13.33% and a negative net margin of 754.10%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Li-Cycle

Institutional investors have recently modified their holdings of the stock. Palisades Hudson Asset Management L.P. bought a new stake in Li-Cycle during the 3rd quarter worth about $39,000. Prime Capital Investment Advisors LLC acquired a new stake in Li-Cycle during the 3rd quarter worth approximately $54,000. Cable Hill Partners LLC acquired a new stake in Li-Cycle during the 3rd quarter worth approximately $91,000. Jump Financial LLC acquired a new stake in Li-Cycle during the 3rd quarter worth approximately $109,000. Finally, Fox Run Management L.L.C. acquired a new stake in Li-Cycle during the 3rd quarter worth approximately $109,000. 54.12% of the stock is owned by institutional investors.

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.