In yesterday’s Wall Street session, PureCycle Technologies Inc (NASDAQ:PCT) shares traded at $4.21, up 8.23% from the previous session.
PCT stock price is now -21.71% away from the 50-day moving average and -42.74% away from the 200-day moving average. The market capitalization of the company currently stands at $690.69M.
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In other news, Coombs Daniel M, Executive Chairman bought 30,000 shares of the company’s stock on Nov 14. The stock was bought for $118,500 at an average price of $3.95. Upon completion of the transaction, the Executive Chairman now directly owns 96,695 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Director Musa Fernando bought 25,779 shares of the business’s stock. A total of $99,997 was incurred on buying the stock at an average price of $3.88. This leaves the insider owning 48,413 shares of the company worth $0.2 million. Insiders disposed of 45,866 shares of company stock worth roughly $0.19 million over the past 1 year. A total of 22.82% of the company’s stock is owned by insiders.
Wednesday morning saw PureCycle Technologies Inc (NASDAQ: PCT) opened at $3.9000. During the past 12 months, PureCycle Technologies Inc has had a low of $3.05 and a high of $11.89. As of last week, the company has a debt-to-equity ratio of 1.23, a current ratio of 4.95, and a quick ratio of 4.95. The fifty day moving average price for PCT is $5.3771 and a two-hundred day moving average price translates $7.3521 for the stock.
The latest earnings results from PureCycle Technologies Inc (NASDAQ: PCT) was released for Sep, 2023. According to the Pollution & Treatment Controls Company, earnings per share came in at $0.03, beating analysts’ expectations of -$0.16 by 0.19. This compares to -$0.21 EPS in the same period last year. The company reported revenue of $35.25 million for the quarter, compared to $21.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 67.15 percent. For the current quarter, analysts expect PCT to generate $8.78M in revenue.
PureCycle Technologies Inc(PCT) Company Profile
PureCycle Technologies, Inc. produces recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled resin. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. PureCycle Technologies, Inc. was founded in 2015 and is headquartered in Orlando, Florida.
