Ascent Industries Co. (NASDAQ:ACNT - Get Free Report) VP Ravi Ramesh Srinivas purchased 4,000 shares of the business's stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of $11.21 per share, for a total transaction of $44,840.00. Following the completion of the acquisition, the vice president now directly owns 4,000 shares of the company's stock, valued at $44,840. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
ACNT traded up $0.33 during trading on Friday, hitting $11.33. The company had a trading volume of 60,786 shares, compared to its average volume of 23,623. 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 1-year low of $7.68 and a 1-year high of $12.38. The business has a 50-day moving average of $10.30 and a 200-day moving average of $10.01. The company has a market cap of $114.35 million, a PE ratio of -66.65 and a beta of 0.85.
Several institutional investors have recently added to or reduced their stakes in ACNT. Essex Investment Management Co. LLC bought a new stake in Ascent Industries during the third quarter valued at $132,000. Values Added Financial LLC bought a new stake in Ascent Industries during the third quarter valued at $133,000. Empowered Funds LLC increased its stake in Ascent Industries by 5.3% during the third quarter. Empowered Funds LLC now owns 42,644 shares of the company's stock valued at $414,000 after purchasing an additional 2,144 shares during the last quarter. Finally, De Lisle Partners LLP increased its stake in Ascent Industries by 5.5% during the third quarter. De Lisle Partners LLP now owns 197,824 shares of the company's stock valued at $1,914,000 after purchasing an additional 10,349 shares during the last quarter. Institutional investors own 26.05% of the company's stock.
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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