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

Li-Cycle (NYSE:LICY) 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:LICY) 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.

Li-Cycle Company Profile

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.