US Ecology (NASDAQ:ECOL) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, November 21st, ValuEngine reports.
ECOL has been the subject of a number of other research reports. UBS Group set a $63.00 price target on US Ecology and gave the stock a “hold” rating in a report on Friday, November 1st. BidaskClub cut US Ecology from a “sell” rating to a “strong sell” rating in a report on Friday, November 15th. Finally, Zacks Investment Research lowered US Ecology from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th.
US Ecology stock traded down $0.60 during trading hours on Thursday, hitting $55.01. 99,854 shares of the stock traded hands, compared to its average volume of 188,762. US Ecology has a 1 year low of $53.48 and a 1 year high of $67.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 25.17 and a beta of 0.54. The firm’s 50 day moving average price is $57.98 and its 200-day moving average price is $60.72.
US Ecology (NASDAQ:ECOL) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $161.25 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. Research analysts forecast that US Ecology will post 2.2 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of ECOL. American Research & Management Co. purchased a new position in US Ecology in the second quarter worth approximately $36,000. US Bancorp DE grew its position in 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 acquiring an additional 206 shares during the period. Marshall Wace LLP purchased a new position in shares of US Ecology during the first quarter worth $77,000. First Mercantile Trust Co. boosted its position in shares of US Ecology by 13.5% during the second quarter. First Mercantile Trust Co. now owns 1,510 shares of the business services provider’s stock worth $90,000 after buying an additional 180 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of US Ecology by 27.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,476 shares of the business services provider’s stock worth $94,000 after buying an additional 317 shares during the period. 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.
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