US Ecology (NASDAQ:ECOL) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, November 21st, ValuEngine reports.
ECOL has been the topic of several other reports. UBS Group set a $63.00 price objective on shares of US Ecology and gave the stock a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research cut shares of US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. Finally, BidaskClub cut shares of US Ecology from a “sell” rating to a “strong sell” rating in a research report on Friday, November 15th.
Shares of ECOL traded up $1.06 during midday trading on Thursday, hitting $56.07. 104,109 shares of the company traded hands, compared to its average volume of 123,451. The stock has a 50-day moving average of $57.98 and a 200-day moving average of $60.72. US Ecology has a one year low of $53.48 and a one year high of $67.24. The firm has a market cap of $1.22 billion, a P/E ratio of 24.17 and a beta of 0.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03.
US Ecology (NASDAQ:ECOL) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. US Ecology had a return on equity of 13.61% and a net margin of 8.22%. The firm had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $161.25 million. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Sell-side analysts forecast that US Ecology will post 2.2 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of ECOL. American Research & Management Co. bought a new position in shares of US Ecology in the second quarter worth approximately $36,000. US Bancorp DE increased its position in shares of US Ecology by 20.0% in the second quarter. US Bancorp DE now owns 1,238 shares of the business services provider’s stock worth $73,000 after purchasing an additional 206 shares during the last quarter. Marshall Wace LLP bought a new position in shares of US Ecology in the first quarter worth approximately $77,000. First Mercantile Trust Co. increased its position in shares of US Ecology by 13.5% in the second quarter. First Mercantile Trust Co. now owns 1,510 shares of the business services provider’s stock worth $90,000 after purchasing an additional 180 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of US Ecology by 27.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock worth $94,000 after purchasing an additional 317 shares during the last quarter. Institutional investors own 89.44% of the company’s stock.
About US Ecology
US Ecology, Inc, through its subsidiaries, provides environmental services to commercial and government entities in the United States, Canada, and Mexico. It operates through two segments, Environmental Services, and Field & Industrial Services. The Environmental Services segment offers hazardous material management services, including transportation, recycling, treatment, and disposal of hazardous, non-hazardous, and radioactive waste at its landfill, wastewater, deep-well injection, and other treatment facilities.
Read More: How to read a candlestick chart
To view ValuEngine’s full report, visit ValuEngine’s official website.
