Ascent Industries Co. (NASDAQ:ACNT – Get Rating) shares traded down 5.9% during mid-day trading on Wednesday . The stock traded as low as $8.80 and last traded at $9.15. 124,074 shares traded hands during trading, an increase of 284% from the average session volume of 32,269 shares. The stock had previously closed at $9.72.

Ascent Industries Stock Down 5.9 %

The firm has a market capitalization of $93.35 million, a price-to-earnings ratio of 3.10 and a beta of 0.52. The company has a current ratio of 3.28, a quick ratio of 1.01 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $12.17.

Ascent Industries Company Profile

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Ascent Industries Co an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products.

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