On 12/27/23, Ascent Industries Co (NASDAQ: ACNT) stock enjoyed a major increase of 17.6%, closing at $9.51. Moreover, trading volume in this advance was exceptionally high at 588% of normal. Relative to the market the stock has been weak over the last nine months but has risen 26.8% during the last week.
Current PriceTarget Research Rating
ACNT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Ascent Industries has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Ascent Industries has a good Appreciation Score of 71 but a slightly negative Power Rating of 30, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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