Ascent Industries (ACNT) Set to Announce Quarterly Earnings on Tuesday

Ascent Industries (NASDAQ:ACNT - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Parties that are interested in registering for the company's conference call can do so using this link.

Ascent Industries (NASDAQ:ACNT - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter. The business had revenue of $50.19 million for the quarter. Ascent Industries had a negative net margin of 6.89% and a negative return on equity of 12.99%.

Ascent Industries Trading Down 1.4 %

Ascent Industries stock traded down $0.13 during mid-day trading on Tuesday, reaching $9.37. 29,686 shares of the company traded hands, compared to its average volume of 20,536. The firm's 50 day moving average price is $9.55 and its 200 day moving average price is $9.88. Ascent Industries has a 52-week low of $7.20 and a 52-week high of $11.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.16 and a quick ratio of 1.45. The firm has a market capitalization of $94.82 million, a price-to-earnings ratio of -7.07 and a beta of 0.79.

Insider Buying and Selling at Ascent Industries

In other news, insider Privet Fund Management Llc sold 1,665,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $8.22, for a total value of $13,686,300.00. Following the completion of the transaction, the insider now owns 8,648 shares of the company's stock, valued at approximately $71,086.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Privet Fund Management Llc sold 1,665,000 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $8.22, for a total transaction of $13,686,300.00. Following the sale, the insider now owns 8,648 shares in the company, valued at approximately $71,086.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Bryan Kitchen purchased 11,170 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average price of $8.61 per share, with a total value of $96,173.70. Following the completion of the purchase, the chief executive officer now owns 50,841 shares in the company, valued at $437,741.01. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.85% 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.