Ascent Industries Co. (NASDAQ:ACNT – Get Free Report) insider Privet Fund Management Llc sold 1,665,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $8.22, for a total value of $13,686,300.00. Following the sale, the insider now directly owns 8,648 shares of the company’s stock, valued at $71,086.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Ascent Industries Stock Performance
Shares of NASDAQ:ACNT traded up $1.35 during trading on Friday, reaching $9.65. The company had a trading volume of 105,007 shares, compared to its average volume of 19,089. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.16 and a quick ratio of 1.45. The stock’s fifty day moving average price is $9.91 and its 200 day moving average price is $10.10. Ascent Industries Co. has a fifty-two week low of $7.20 and a fifty-two week high of $11.19. The firm has a market capitalization of $97.75 million, a price-to-earnings ratio of -3.60 and a beta of 0.79.
Ascent Industries (NASDAQ:ACNT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter. Ascent Industries had a negative net margin of 6.89% and a negative return on equity of 12.99%. The firm had revenue of $50.19 million during the quarter.
Institutional Inflows and Outflows
About Ascent Industries
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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