On September 15, 2025, Citigroup downgraded Ecovyst Inc. (NYSE: ECVT) to a Neutral rating. At the time, ECVT's stock price was $9.37. Ecovyst is a global leader in advanced materials and specialty catalysts, known for its high-quality products and strong market presence.
Ecovyst recently announced a definitive agreement to sell its Advanced Materials & Catalysts segment to Technip Energies for $556 million. This sale reflects a 9.8x EBITDA multiple based on the segment's adjusted EBITDA for 2024. The transaction is expected to close in the first quarter of 2026, pending regulatory approvals.
The decision to sell this segment was influenced by the market's undervaluation of the business, despite its attractive margins. This strategic move allows Ecovyst to focus on its core operations while Technip Energies aims to strengthen its position in the advanced materials sector.
ECVT's stock price has seen a 1.30% increase, with a recent price change of $0.12. The stock has fluctuated between $9.12 and $9.41 today. Over the past year, ECVT has reached a high of $9.69 and a low of $5.24. The company's market capitalization is approximately $1.07 billion, with a trading volume of 1,822,943 shares.
