Ascent Industries (NASDAQ:ACNT) Posts Earnings Results

Ascent Industries (NASDAQ:ACNT) issued its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Ascent Industries had a negative return on equity of 12.48% and a negative net margin of 0.80%.

Ascent Industries Stock Performance

ACNT stock traded down $0.02 during trading on Tuesday, reaching $11.05. 31,497 shares of the company’s stock were exchanged, compared to its average volume of 26,038. The firm has a market cap of $111.53 million, a PE ratio of -65.00 and a beta of 0.83. The company has a quick ratio of 1.81, a current ratio of 3.77 and a debt-to-equity ratio of 0.01. Ascent Industries has a 1-year low of $8.16 and a 1-year high of $12.38. The company’s fifty day moving average price is $11.19 and its 200-day moving average price is $10.46.

Insider Activity at Ascent Industries

In related news, VP Ravi Ramesh Srinivas acquired 4,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of $11.21 per share, for a total transaction of $44,840.00. Following the completion of the acquisition, the vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $44,840. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 12.85% of the company’s stock.

Ascent Industries Company Profile

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.