Insider Buying: Ascent Industries Co. (NASDAQ:ACNT) VP Purchases 2,000 Shares of Stock

Ascent Industries Co. (NASDAQ:ACNT) VP Anthony X. Pan purchased 2,000 shares of the stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $9.42 per share, with a total value of $18,840.00. Following the completion of the purchase, the vice president now owns 10,570 shares in the company, valued at $99,569.40. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ascent Industries Trading Up 0.2 %

Shares of ACNT stock traded up $0.02 on Tuesday, reaching $9.66. The company had a trading volume of 51,897 shares, compared to its average volume of 19,378. The company has a current ratio of 3.16, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01. The stock has a market cap of $97.86 million, a PE ratio of -3.74 and a beta of 0.79. The company has a 50-day moving average of $9.91 and a 200-day moving average of $10.09. Ascent Industries Co. has a 12 month low of $7.20 and a 12 month high of $11.19.

Ascent Industries (NASDAQ:ACNT) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter. The company had revenue of $50.19 million during the quarter. Ascent Industries had a negative net margin of 6.89% and a negative return on equity of 12.99%.

Institutional Trading of Ascent Industries

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Ascent Industries by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 256,736 shares of the company’s stock worth $2,616,000 after purchasing an additional 10,688 shares in the last quarter. Empowered Funds LLC increased its stake in Ascent Industries by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,620 shares of the company’s stock worth $383,000 after purchasing an additional 2,800 shares in the last quarter. Perritt Capital Management Inc. increased its stake in Ascent Industries by 36.0% during the 1st quarter. Perritt Capital Management Inc. now owns 20,402 shares of the company’s stock worth $208,000 after purchasing an additional 5,402 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Ascent Industries by 82.5% during the 4th quarter. Victory Capital Management Inc. now owns 8,857 shares of the company’s stock worth $85,000 after purchasing an additional 4,004 shares in the last quarter. 26.05% of the stock is owned by institutional investors.

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.