For its fourth fiscal quarter (ending December 31), Ascent Industries Co (NASDAQ: ACNT) has reported E.P.S. of $-0.75 compared to $0.01 a year ago. For the latest four quarters through December 31, E.P.S. were $-3.37 compared to $2.16 a year ago.
Recent Price Action
On 3/28/24, Ascent Industries Co (NASDAQ: ACNT) stock declined by -3.0%, closing at $10.19. Moreover, unusually high trading volume at 172% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -4.6% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ascent Industries has a neutral Appreciation Score of 58 but a good Power Rating of 81, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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