Ascent Industries (NASDAQ:ACNT) Issues Quarterly Earnings Results

Ascent Industries (NASDAQ:ACNT) posted its earnings results on Tuesday. The company reported $0.01 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

Shares of Ascent Industries stock traded down $0.02 during trading on Tuesday, hitting $11.05. 30,997 shares of the stock were exchanged, compared to its average volume of 26,036. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 3.77. The stock’s fifty day moving average is $11.19 and its 200 day moving average is $10.46. The stock has a market cap of $111.53 million, a PE ratio of -65.00 and a beta of 0.83. Ascent Industries has a 12 month low of $8.16 and a 12 month high of $12.38.

Insider Buying and Selling at Ascent Industries

In other news, VP Ravi Ramesh Srinivas acquired 4,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average price of $11.21 per share, with a total value of $44,840.00. Following the purchase, the vice president now owns 4,000 shares of the company’s stock, valued at approximately $44,840. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.85% of the stock is owned by company insiders.

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.