tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Ascent Industries Initiates Stock Buyback Plan

Story Highlights
Ascent Industries Initiates Stock Buyback Plan

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Ascent Industries ( (ACNT) ) just unveiled an update.

On September 19, 2025, Ascent Industries Co. implemented a trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, allowing for the repurchase of up to 350,000 shares based on specific price targets. This plan, effective from September 20 to November 4, 2025, enables the company to buy back shares during periods when it might otherwise be restricted due to trading blackout periods or insider trading laws. The plan involves a broker who will execute the repurchases under specified terms, and the company may adopt subsequent plans to continue its stock repurchase program. Information on these repurchases will be disclosed in the company’s periodic reports filed with the SEC.

The most recent analyst rating on (ACNT) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Ascent Industries stock, see the ACNT Stock Forecast page.

Spark’s Take on ACNT Stock

According to Spark, TipRanks’ AI Analyst, ACNT is a Neutral.

Ascent Industries’ overall stock score reflects significant financial challenges, with declining revenues and persistent losses being the most impactful factors. While the earnings call provided some positive insights into operational improvements and future growth potential, the negative P/E ratio and lack of dividend yield weigh heavily on the valuation. Technical analysis indicates a neutral to slightly bearish outlook, further contributing to the cautious score.

To see Spark’s full report on ACNT stock, click here.

More about Ascent Industries

Average Trading Volume: 70,291

Technical Sentiment Signal: Buy

Current Market Cap: $115.8M

See more data about ACNT stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1