AdvanSix (ASIX) Expected to Announce Quarterly Earnings on Friday

AdvanSix (NYSE:ASIX - Get Free Report) is anticipated to release its earnings data before the market opens on Friday, February 21st. Analysts expect AdvanSix to post earnings of ($0.37) per share and revenue of $377.15 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

AdvanSix Trading Down 0.2 %

AdvanSix stock traded down $0.05 during midday trading on Monday, reaching $29.68. 67,541 shares of the stock traded hands, compared to its average volume of 117,365. The company has a 50-day simple moving average of $29.74 and a two-hundred day simple moving average of $29.69. AdvanSix has a 12-month low of $20.86 and a 12-month high of $33.00. The firm has a market cap of $793.32 million, a PE ratio of 21.05 and a beta of 1.76. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.28.

Insider Activity

In other news, CEO Erin N. Kane sold 5,000 shares of AdvanSix stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $28.15, for a total value of $140,750.00. Following the completion of the transaction, the chief executive officer now owns 507,795 shares in the company, valued at approximately $14,294,429.25. This trade represents a 0.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher Gramm sold 1,951 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $32.00, for a total value of $62,432.00. Following the sale, the insider now directly owns 43,463 shares in the company, valued at $1,390,816. This trade represents a 4.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,951 shares of company stock worth $354,132. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on ASIX. Piper Sandler raised their target price on AdvanSix from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Friday, November 8th. StockNews.com upgraded AdvanSix from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th.

About AdvanSix

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.