Recent exceptional negative changes in investment behavior have affected Ascent Industries Co (NASDAQ: ACNT): its longer term price trend turned down, and negative upside/downside volume developed.
Ascent Industries Co (NASDAQ: ACNT). Important negative changes in fundamentals have recently occurred: 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ascent Industries has a neutral Power Rating of 41 but a poor Appreciation Score of 28, with the Negative Value Trend Rating the result.
Recent Price Action
Ascent Industries Co (NASDAQ: ACNT) stock closed at $9.45 on 10/9/24 after a modest decline of -1.6%. Trading volume in this decline was normal. The stock is unchanged during the last week and has been weak relative to the market over the last nine months.
Be the first to comment