Ascent Industries (ACNT) Stock Price, News & Analysis

Company Overview

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. The company also produces defoamers, surfactants, and lubricating agents for end users, including companies that supply agrochemical paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial and other applications. In addition, it provides contract manufacturing services, as well as operates as a multi-purpose plant to process various difficult to handle materials, including flammable solvents, viscous liquids, and granular solids. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is based in Oak Brook, Illinois.

Key Stats

• Today's Range: $9.17 to $9.62
• 50-Day Range: $8.30 to $10.31
• 52-Week Range: $7.20 to $11.19
• Volume: 29,079 shs
• Average Volume: 20,493 shs
• Market Capitalization: $96.19 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

ACNT Stock Analysis - Frequently Asked Questions

How have ACNT shares performed this year?

Ascent Industries' stock was trading at $9.56 on January 1st, 2024. Since then, ACNT shares have decreased by 0.6% and is now trading at $9.50.
View the best growth stocks for 2024 here.

How were Ascent Industries' earnings last quarter?

Ascent Industries Co. (NASDAQ:ACNT) posted its quarterly earnings data on Tuesday, August, 6th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $50.19 million for the quarter. Ascent Industries had a negative net margin of 6.89% and a negative trailing twelve-month return on equity of 12.99%.

Who are Ascent Industries' major shareholders?

Ascent Industries' top institutional investors include Values Added Financial LLC (0.14%) and Essex Investment Management Co. LLC (0.13%). Insiders that own company stock include John Bryan Kitchen, Anthony X Pan, Privet Fund Management Llc and John Robert Zuppo III.
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How do I buy shares of Ascent Industries?

Shares of ACNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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What other stocks do shareholders of Ascent Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ascent Industries investors own include Broadcom (AVGO), NVIDIA (NVDA), Arista Networks (ANET), Adobe (ADBE), General Electric (GE), Disc Medicine (IRON) and Jabil (JBL).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 11/04/2024
• Next Earnings (Confirmed): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Steel pipe & tubes
• Sub-Industry: Steel Works
• Current Symbol: NASDAQ:ACNT
• CUSIP: N/A
• CIK: 95953
• Web: www.ascentco.com
• Phone: (804) 822-3260
• Fax: 864-596-1501
• Employees: 710
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($1.33)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-26,630,000.00
• Net Margins: -6.89%
• Pretax Margin: -16.35%
• Return on Equity: -12.99%
• Return on Assets: -7.57%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 3.16
• Quick Ratio: 1.45

Sales & Book Value

• Annual Sales: $182.26 million
• Price / Sales: 0.53
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $10.61 per share
• Price / Book: 0.90

Miscellaneous

• Outstanding Shares: 10,125,000
• Free Float: 8,824,000
• Market Cap: $96.19 million
• Optionable: Optionable
• Beta: 0.79