Ravi Ramesh Srinivas Buys 4,000 Shares of Ascent Industries Co. (NASDAQ:ACNT) Stock

Ascent Industries Co. (NASDAQ:ACNT) VP Ravi Ramesh Srinivas purchased 4,000 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were acquired 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 of the company’s stock, valued at approximately $44,840. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ascent Industries Trading Up 3.0 %

Shares of Ascent Industries stock opened at $11.33 on Friday. The company has a market cap of $114.35 million, a price-to-earnings ratio of -66.65 and a beta of 0.85. Ascent Industries Co. has a 1 year low of $7.68 and a 1 year high of $12.38. The company’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC acquired a new stake in Ascent Industries during the third quarter worth about $132,000. Values Added Financial LLC acquired a new stake in shares of Ascent Industries during the 3rd quarter worth approximately $133,000. Empowered Funds LLC raised its stake in shares of Ascent Industries by 5.3% in the third quarter. Empowered Funds LLC now owns 42,644 shares of the company’s stock valued at $414,000 after purchasing an additional 2,144 shares in the last quarter. Finally, De Lisle Partners LLP raised 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 purchasing an additional 10,349 shares in the last quarter. 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.