Ascent Industries Co. (NASDAQ:ACNT – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 5,900 shares, a decrease of 44.9% from the August 15th total of 10,700 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 9,100 shares, the short-interest ratio is currently 0.6 days.
Ascent Industries Stock Performance
NASDAQ ACNT opened at $9.25 on Friday. The company has a market capitalization of $93.61 million, a price-to-earnings ratio of -3.45 and a beta of 0.79. Ascent Industries has a twelve month low of $7.20 and a twelve month high of $11.19. The stock has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $10.15. The company has a quick ratio of 1.45, a current ratio of 3.16 and a debt-to-equity ratio of 0.01.
Ascent Industries (NASDAQ:ACNT – Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter. Ascent Industries had a negative net margin of 6.89% and a negative return on equity of 12.99%. The company had revenue of $50.19 million during the quarter.
Institutional Trading of Ascent Industries
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.
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