Ascent Industries (ACNT) Set to Announce Quarterly Earnings on Tuesday

Ascent Industries (NASDAQ:ACNT) will be issuing its quarterly earnings data after the market closes on Tuesday, November 12th. Investors that wish to listen to the company’s conference call can do so using this link.

Ascent Industries Stock Performance

ACNT opened at $9.62 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.16 and a quick ratio of 1.45. Ascent Industries has a 1 year low of $7.20 and a 1 year high of $11.19. The firm has a fifty day moving average price of $9.50 and a 200 day moving average price of $9.86. The stock has a market cap of $97.35 million, a P/E ratio of -7.23 and a beta of 0.79.

Insider Buying and Selling at Ascent Industries

In related news, insider Privet Fund Management Llc sold 1,665,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $8.22, for a total value of $13,686,300.00. Following the completion of the sale, the insider now owns 8,648 shares of the company’s stock, valued at approximately $71,086.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO John Bryan Kitchen acquired 11,170 shares of the stock in a transaction dated Friday, September 20th. The stock was acquired at an average cost of $8.61 per share, with a total value of $96,173.70. Following the completion of the transaction, the chief executive officer now owns 50,841 shares in the company, valued at $437,741.01. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Privet Fund Management Llc sold 1,665,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $8.22, for a total value of $13,686,300.00. Following the transaction, the insider now directly owns 8,648 shares of the company’s stock, valued at approximately $71,086.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.