Ascent Industries Co (NASDAQ: ACNT) stock enjoyed a major increase of 16.3% on 9/20/24. The shares closed at $9.65. Moreover, this advance was accompanied by exceptionally high trading volume at 218% of normal. The stock has performed in line with the market over the last nine months and has risen 4.3% 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 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 46 but a poor Appreciation Score of 28, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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