Ascent Industries Co. (NASDAQ:ACNT – Get Rating)’s stock price shot up 4.8% on Wednesday . The company traded as high as $9.39 and last traded at $9.39. 14,288 shares traded hands during mid-day trading, an increase of 41% from the average session volume of 10,143 shares. The stock had previously closed at $8.96.
Ascent Industries Stock Performance
The company has a current ratio of 5.09, a quick ratio of 1.67 and a debt-to-equity ratio of 0.52. The stock has a market cap of $95.52 million, a PE ratio of 4.43 and a beta of 0.72. The business’s 50-day moving average price is $9.91 and its 200-day moving average price is $11.04.
Hedge Funds Weigh In On Ascent Industries
A number of large investors have recently made changes to their positions in ACNT. Boothbay Fund Management LLC purchased a new position in Ascent Industries during the 4th quarter worth $804,000. Morgan Stanley acquired a new position in shares of Ascent Industries during the fourth quarter valued at about $239,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Ascent Industries in the 4th quarter valued at approximately $42,000. 20.91% of the stock is owned by institutional investors and hedge funds.
Ascent Industries Company Profile
Ascent Industries Co engages in the production of stainless steel pipes, stainless and carbon steel piping systems, and specialty chemicals. It operates through the Metals and Specialty Chemicals segments. The Metals segment operates as Bristol Metals LLC (BRISMET), Palmer of Texas Tanks, Inc (Palmer), and Specialty Pipe & Tube, Inc (Specialty).
Featured Stories
- Get a free copy of the StockNews.com research report on Ascent Industries (ACNT)
- Should Cheesecake Factory Stock Be On Your Menu?
- Buffett Reduces Taiwan Semiconductor Stake After This Happened
- Don’t Get Bullish On The S&P 500 Because Of The CPI Report
- Shockwave Medical Gets 10% Jolt, Leads Medical Gear Makers Higher
- Proterra Inc., A Penny Stock To Put On The Watchlist
Receive News & Ratings for Ascent Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascent Industries and related companies with MarketBeat.com's FREE daily email newsletter.
