Ascent Industries Co. (NASDAQ:ACNT) VP Ravi Ramesh Srinivas Acquires 4,000 Shares

Ascent Industries Co. (NASDAQ:ACNT) VP Ravi Ramesh Srinivas bought 4,000 shares of Ascent Industries stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of $11.21 per share, with a total value of $44,840.00. Following the completion of the acquisition, the vice president now owns 4,000 shares in the company, valued at approximately $44,840. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ascent Industries Price Performance

Shares of Ascent Industries stock opened at $11.33 on Friday. Ascent Industries Co. has a 1-year low of $7.68 and a 1-year high of $12.38. The firm has a fifty day simple moving average of $10.33 and a 200-day simple moving average of $10.01. The company has a current ratio of 3.77, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $114.35 million, a price-to-earnings ratio of -66.65 and a beta of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Essex Investment Management Co. LLC bought a new stake in Ascent Industries during the 3rd quarter valued at approximately $132,000. Values Added Financial LLC bought a new position in shares of Ascent Industries during the 3rd quarter worth about $133,000. Empowered Funds LLC raised its position in shares of Ascent Industries by 5.3% during the third quarter. Empowered Funds LLC now owns 42,644 shares of the company’s stock valued at $414,000 after buying an additional 2,144 shares during the last quarter. Finally, De Lisle Partners LLP lifted its stake in shares of Ascent Industries by 5.5% in the third quarter. De Lisle Partners LLP now owns 197,824 shares of the company’s stock valued at $1,914,000 after buying an additional 10,349 shares during the period. Institutional investors and hedge funds own 26.05% 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.