Li-Cycle (LICY) Scheduled to Post Quarterly Earnings on Thursday

Li-Cycle (NYSE:LICYGet Free Report) will announce its earnings results before the market opens on Thursday, August 8th. Individual interested in listening to the company’s earnings conference call can do so using this link.

Li-Cycle (NYSE:LICYGet Free Report) last posted its earnings results on Friday, May 10th. The company reported ($6.08) EPS for the quarter. The company had revenue of $4.20 million during the quarter, compared to analysts’ expectations of $4.51 million. Li-Cycle had a negative net margin of 1,244.97% and a negative return on equity of 44.25%.

Li-Cycle Stock Down 1.7 %

Shares of NYSE LICY traded down $0.05 during mid-day trading on Tuesday, reaching $2.90. The company had a trading volume of 183,937 shares, compared to its average volume of 721,660. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 1.85. The firm has a 50 day simple moving average of $4.20 and a two-hundred day simple moving average of $4.87. The stock has a market cap of $64.92 million, a P/E ratio of -0.27 and a beta of 1.56. Li-Cycle has a 52-week low of $2.77 and a 52-week high of $46.40.

Insider Buying and Selling

In related news, Director Mark Wellings sold 6,408 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $4.32, for a total transaction of $27,682.56. Following the completion of the sale, the director now owns 51,280 shares in the company, valued at approximately $221,529.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Chardan Capital reaffirmed a “neutral” rating and issued a $6.00 target price on shares of Li-Cycle in a research report on Friday, April 19th.

Read Our Latest Analysis on Li-Cycle

Li-Cycle Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Li-Cycle (NYSE:LICY)

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