For its second fiscal quarter (ending June 30), Ascent Industries Co (NASDAQ: ACNT) has reported E.P.S. of $-0.02 compared to $-0.60 a year ago. For the latest four quarters through June 30, E.P.S. were $-3.23 compared to $-1.50 a year ago.
Recent Price Action
Ascent Industries Co (NASDAQ: ACNT) stock closed at $10.04 on 8/6/24 after being unchanged was unchanged. This flat performance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months but has declined -0.6% 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 C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ascent Industries has a poor Appreciation Score of 24 but a good Power Rating of 74, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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