13-May-2024
TipRanks (Sun, 12-May 10:10 PM ET)
Ascent Industries Reports First Quarter 2024 Results
Business Wire (Wed, 8-May 4:05 PM ET)
Globe Newswire (Tue, 7-May 10:00 AM ET)
Ascent Industries Sets First Quarter 2024 Earnings Conference Call for May 8, 2024, at 5:00 p.m. ET
Business Wire (Wed, 24-Apr 8:00 AM ET)
Ascent Industries Reports Fourth Quarter and Full Year 2023 Results
Business Wire (Thu, 28-Mar 4:05 PM ET)
Business Wire (Tue, 26-Mar 4:05 PM ET)
Ascent Industries Promotes New Executive Management Team
Business Wire (Wed, 14-Feb 4:05 PM ET)
Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.
Ascent Industries Co. trades on the NASDAQ stock market under the symbol ACNT.
As of May 13, 2024, ACNT stock price climbed to $10.32 with 13,459 million shares trading.
ACNT has a market cap of $104.50 million. This is considered a Micro Cap stock.
Last quarter Ascent Industries Co. reported $44 million in Revenue and -$.41 earnings per share. This beat revenue expectation by $4 million and missed earnings estimates by -$.04.
The top ETF exchange traded funds that ACNT belongs to (by Net Assets): VTI, VXF, DFAT, BSVO, IWC.
ACNT has underperformed the market in the last year with a price return of +8.7% while the SPY ETF gained +27.8%. ACNT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.5% and -0.7%, respectively, while the SPY returned +4.3% and +2.5%, respectively.
ACNT support price is $9.85 and resistance is $10.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACNT stock will trade within this expected range on the day.