Ascent Industries (ACNT) to Release Earnings on Tuesday

Ascent Industries (NASDAQ:ACNT) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, August 6th. Persons interested in registering for the company’s earnings conference call can do so using this link.

Ascent Industries (NASDAQ:ACNT) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.05). Ascent Industries had a negative net margin of 13.32% and a negative return on equity of 15.96%. The company had revenue of $44.11 million during the quarter, compared to analysts’ expectations of $39.80 million.

Ascent Industries Price Performance

Ascent Industries stock traded down $0.15 during mid-day trading on Tuesday, reaching $9.95. 391 shares of the company traded hands, compared to its average volume of 8,263. The company has a current ratio of 3.06, a quick ratio of 1.25 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average is $9.97 and its two-hundred day moving average is $10.18. Ascent Industries has a fifty-two week low of $7.20 and a fifty-two week high of $11.19.

Insider Activity at Ascent Industries

In other Ascent Industries news, CEO John Bryan Kitchen acquired 7,946 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $79,460.00. Following the purchase, the chief executive officer now owns 35,190 shares in the company, valued at approximately $351,900. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Ascent Industries news, CEO John Bryan Kitchen bought 7,946 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average cost of $10.00 per share, for a total transaction of $79,460.00. Following the completion of the transaction, the chief executive officer now directly owns 35,190 shares of the company’s stock, valued at approximately $351,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Privet Fund Management Llc sold 172,995 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $10.32, for a total transaction of $1,785,308.40. Following the completion of the sale, the insider now directly owns 1,673,648 shares in the company, valued at $17,272,047.36. The disclosure for this sale can be found here. 12.85% of the stock is owned by insiders.

About Ascent Industries

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.