Recent extremely meaningful negative changes in investment behavior have impacted Ascent Industries Co (NASDAQ: ACNT): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Ascent Industries Co (NASDAQ: ACNT) has recently experienced important negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ascent Industries has a poor Appreciation Score of 29 but a neutral Power Rating of 50, triggering the Negative Value Trend Rating.
Recent Price Action
Ascent Industries Co (NASDAQ: ACNT) stock closed at $9.25 on 9/13/24 after being unchanged was unchanged. Trading volume in this flat performance was normal. The stock has performed in line with the market over the last nine months and has declined -8.8% during the last week.
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