Ascent Industries Co. (NASDAQ:ACNT - Get Free Report) Director Christopher Gerald Hutter sold 4,740 shares of Ascent Industries stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $13.58, for a total transaction of $64,369.20. Following the sale, the director now owns 387,259 shares of the company's stock, valued at approximately $5,258,977.22. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Christopher Gerald Hutter also recently made the following trade(s):
- On Wednesday, June 11th, Christopher Gerald Hutter sold 8,300 shares of Ascent Industries stock. The shares were sold at an average price of $13.45, for a total transaction of $111,635.00.
- On Monday, March 17th, Christopher Gerald Hutter sold 15,010 shares of Ascent Industries stock. The stock was sold at an average price of $12.16, for a total transaction of $182,521.60.
Ascent Industries Price Performance
Shares of Ascent Industries stock opened at $12.75 on Friday. The firm has a market capitalization of $127.63 million, a PE ratio of -75.00 and a beta of 0.61. Ascent Industries Co. has a 12 month low of $8.16 and a 12 month high of $13.70. The business's 50-day moving average price is $12.76 and its 200-day moving average price is $11.99. The company has a current ratio of 3.77, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01.
Ascent Industries (NASDAQ:ACNT - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.20). The business had revenue of $24.73 million during the quarter, compared to analysts' expectations of $48.90 million. Ascent Industries had a negative net margin of 0.80% and a negative return on equity of 12.48%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Values Added Financial LLC lifted its stake in shares of Ascent Industries by 15.3% in the 1st quarter. Values Added Financial LLC now owns 16,461 shares of the company's stock valued at $208,000 after acquiring an additional 2,180 shares during the last quarter. Millennium Management LLC purchased a new position in Ascent Industries in the 4th quarter worth approximately $208,000. Goldman Sachs Group Inc. bought a new stake in Ascent Industries in the first quarter valued at approximately $227,000. Jane Street Group LLC bought a new stake in Ascent Industries in the first quarter valued at approximately $269,000. Finally, Northern Trust Corp boosted its stake in shares of Ascent Industries by 47.7% during the fourth quarter. Northern Trust Corp now owns 35,384 shares of the company's stock valued at $396,000 after purchasing an additional 11,420 shares during the period. 26.05% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Ascent Industries from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.
Check Out Our Latest Stock Report on ACNT
About Ascent Industries
(
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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.
Further Reading
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