Ascent Industries Co. (NASDAQ:ACNT) VP Purchases $44,840.00 in Stock

Ascent Industries Co. (NASDAQ:ACNT) VP Ravi Ramesh Srinivas acquired 4,000 shares of the stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of $11.21 per share, for a total transaction of $44,840.00. Following the acquisition, the vice president now directly owns 4,000 shares in the company, valued at $44,840. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ascent Industries Stock Up 3.0 %

ACNT opened at $11.33 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.77 and a quick ratio of 1.81. Ascent Industries Co. has a 12 month low of $7.68 and a 12 month high of $12.38. The stock has a market capitalization of $114.35 million, a P/E ratio of -66.65 and a beta of 0.85. The business has a 50 day simple moving average of $10.33 and a 200-day simple moving average of $10.01.

Institutional Investors Weigh In On Ascent Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. De Lisle Partners LLP grew its stake in shares of Ascent Industries by 5.5% during the 3rd quarter. De Lisle Partners LLP now owns 197,824 shares of the company’s stock worth $1,914,000 after purchasing an additional 10,349 shares during the period. Empowered Funds LLC grew its position in Ascent Industries by 5.3% during the third quarter. Empowered Funds LLC now owns 42,644 shares of the company’s stock worth $414,000 after buying an additional 2,144 shares during the period. Values Added Financial LLC acquired a new position in Ascent Industries during the third quarter worth about $133,000. Finally, Essex Investment Management Co. LLC acquired a new position in Ascent Industries during the third quarter worth about $132,000. Institutional investors and hedge funds own 26.05% 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.