Ascent Industries Co. (NASDAQ:ACNT - Get Free Report) VP Ravi Ramesh Srinivas purchased 4,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $11.81 per share, for a total transaction of $47,240.00. Following the transaction, the vice president now directly owns 8,000 shares in the company, valued at approximately $94,480. This represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Ravi Ramesh Srinivas also recently made the following trade(s):
- On Friday, December 20th, Ravi Ramesh Srinivas purchased 4,000 shares of Ascent Industries stock. The shares were purchased at an average cost of $11.21 per share, for a total transaction of $44,840.00.
Ascent Industries Price Performance
ACNT opened at $11.61 on Friday. Ascent Industries Co. has a 12-month low of $8.16 and a 12-month high of $12.38. The company has a current ratio of 3.77, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01. The business's fifty day simple moving average is $11.22 and its 200-day simple moving average is $10.49. The company has a market capitalization of $117.18 million, a price-to-earnings ratio of -68.29 and a beta of 0.81.
Ascent Industries (NASDAQ:ACNT - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $40.67 million during the quarter. Ascent Industries had a negative return on equity of 12.48% and a negative net margin of 0.80%.
Institutional Investors Weigh In On Ascent Industries
Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC purchased a new stake in shares of Ascent Industries during the 4th quarter worth $208,000. Northern Trust Corp lifted its stake in shares of Ascent Industries by 47.7% during the 4th quarter. Northern Trust Corp now owns 35,384 shares of the company's stock worth $396,000 after purchasing an additional 11,420 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Ascent Industries by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 42,644 shares of the company's stock worth $414,000 after purchasing an additional 2,144 shares during the last quarter. AMH Equity Ltd purchased a new stake in shares of Ascent Industries during the 4th quarter worth $671,000. Finally, HighTower Advisors LLC lifted its stake in shares of Ascent Industries by 1.3% during the 4th quarter. HighTower Advisors LLC now owns 83,231 shares of the company's stock worth $931,000 after purchasing an additional 1,083 shares during the last quarter. 26.05% of the stock is currently owned by hedge funds and other institutional investors.
Ascent Industries Company Profile
(
Get Free Report)
Ascent Industries Co an industrials company, produces and distributes stainless steel pipe and tube and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and ornamental stainless steel tubes for automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries.
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