tiprankstipranks
Catalyst

Why Have Ashland Stocks Taken a Downturn?

Why Have Ashland Stocks Taken a Downturn?

Ashland ( (ASH) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.

Discover the Best Stocks and Maximize Your Portfolio:

Ashland Global Holdings, Inc. experienced significant stock movement due to a reported 14% decline in Q1 fiscal year 2025 sales, largely from portfolio optimization efforts, including divesting product lines. This strategy, while aimed at long-term growth, led to a $50 million sales drop, impacting financial metrics like adjusted EBITDA and net income. The company is also finalizing the sale of its Avoca business and has initiated a $30 million cost reduction plan to counter these effects. This, combined with economic uncertainties and new U.S. trade policies, prompted analysts to adjust their price targets, with opinions split between slight increases and reductions. Despite these challenges, Ashland continues to focus on global business expansion and technology advancements.

More about Ashland

YTD Price Performance: 2.04%

Average Trading Volume: 466,636

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.36B

For further insights into ASH stock on TipRanks’ Stock Analysis page.

See more of today’s top stock gainers and losers.

1