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: $10.25 to $10.40
• 50-Day Range: $8.30 to $10.49
• 52-Week Range: $7.20 to $11.19
• Volume: 32,342 shs
• Average Volume: 22,120 shs
• Market Capitalization: $104.94 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Ascent Industries Stock Analysis - MarketRank™

Ascent Industries scored higher than 30% of companies evaluated by MarketBeat, and ranked 143rd out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Ascent Industries.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Ascent Industries is -61.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ascent Industries is -61.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Ascent Industries has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.10% of the float of Ascent Industries has been sold short.

Short Interest Ratio / Days to Cover

Ascent Industries has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ascent Industries has recently decreased by 35.94%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Ascent Industries does not currently pay a dividend.

Dividend Growth

Ascent Industries does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.10% of the float of Ascent Industries has been sold short.

Short Interest Ratio / Days to Cover

Ascent Industries has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ascent Industries has recently decreased by 35.94%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

Ascent Industries has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Industrial Products companies.

MarketBeat Follows

2 people have added Ascent Industries to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Ascent Industries insiders have sold 11,799.68% more of their company's stock than they have bought. Specifically, they have bought $115,014.00 in company stock and sold $13,686,300.00 in company stock.

Percentage Held by Insiders

12.85% of the stock of Ascent Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 26.05% of the stock of Ascent Industries is held by institutions.

ACNT Stock Analysis - Frequently Asked Questions

How have ACNT shares performed this year?

Ascent Industries' stock was trading at $9.56 at the start of the year. Since then, ACNT shares have increased by 8.8% and is now trading at $10.40.
View the best growth stocks for 2024 here.

Who are Ascent Industries' major shareholders?

Ascent Industries' top institutional shareholders include De Lisle Partners LLP (1.95%), Empowered Funds LLC (0.42%), Minerva Advisors LLC (0.30%) and Values Added Financial LLC (0.14%). Insiders that own company stock include John Bryan Kitchen, Anthony X Pan, Privet Fund Management Llc and John Robert Zuppo III.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

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

• Today: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/27/2025

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): ($0.17)
• 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: -0.80%
• Pretax Margin: -8.31%
• Return on Equity: -12.48%
• Return on Assets: -8.01%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 3.77
• Quick Ratio: 1.81

Sales & Book Value

• Annual Sales: $193.18 million
• Price / Sales: 0.54
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $9.38 per share
• Price / Book: 1.11

Miscellaneous

• Outstanding Shares: 10,090,000
• Free Float: 8,796,000
• Market Cap: $104.94 million
• Optionable: Optionable
• Beta: 0.79