Ascent Industries (ACNT) to Release Quarterly Earnings on Thursday

Ascent Industries (NASDAQ:ACNTGet Free Report) is scheduled to post its quarterly earnings results on Thursday, March 28th.

Ascent Industries Stock Up 0.5 %

ACNT stock opened at $10.50 on Wednesday. Ascent Industries has a 12-month low of $7.20 and a 12-month high of $11.19. The company has a quick ratio of 1.41, a current ratio of 3.66 and a debt-to-equity ratio of 0.54. The company has a market cap of $106.37 million, a price-to-earnings ratio of -2.83 and a beta of 0.73. The company has a 50 day moving average of $10.28 and a two-hundred day moving average of $9.14.

Institutional Investors Weigh In On Ascent Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new position in shares of Ascent Industries during the 1st quarter worth $4,157,000. Vanguard Group Inc. increased its stake in shares of Ascent Industries by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 246,048 shares of the company’s stock worth $2,352,000 after purchasing an additional 8,784 shares during the last quarter. BlackRock Inc. increased its stake in shares of Ascent Industries by 4.2% during the 2nd quarter. BlackRock Inc. now owns 155,577 shares of the company’s stock worth $1,414,000 after purchasing an additional 6,205 shares during the last quarter. Boothbay Fund Management LLC increased its stake in shares of Ascent Industries by 37.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 140,732 shares of the company’s stock worth $1,279,000 after purchasing an additional 38,134 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Ascent Industries during the 1st quarter worth $820,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Ascent Industries Company Profile

(Get Free Report)

Ascent Industries Co an industrials company, focuses on the production and distribution of industrial tubular products 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 galvanized carbon tubes, as well as related stainless pipe products.

See Also

Earnings History for Ascent Industries (NASDAQ:ACNT)

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