Hutter, Ascent Industries director, sells $250,200 in stock

Published 15/08/2025, 17:30
Hutter, Ascent Industries director, sells $250,200 in stock

Director Christopher Gerald Hutter of Ascent Industries Co. (NASDAQ:ACNT) sold 20,000 shares of common stock on August 14, 2025. The shares were sold at prices ranging from $12.50 to $12.61, with a weighted average price of $12.51, totaling $250,200. The transaction occurred as InvestingPro analysis shows the company trading below its Fair Value, with strong financial health metrics including a current ratio of 6.6x and minimal debt-to-equity of 0.25.

Following the transaction, Hutter directly owns 211,615 shares and indirectly owns 358,959 shares through a Rev. Trust. According to InvestingPro, management has been actively buying back shares, and the company maintains a strong balance sheet with cash exceeding debt. Discover more insights about ACNT and 1,400+ other stocks through comprehensive Pro Research Reports, available exclusively with an InvestingPro subscription.

In other recent news, Ascent Industries reported its financial results for the second quarter of 2025, which fell short of analyst expectations. The company announced an earnings per share (EPS) of -$0.25, significantly missing the anticipated $0.27, resulting in a surprise of -192.59%. Revenue also did not meet projections, totaling $18.7 million compared to the expected $56.9 million, representing a 67.14% shortfall. These results highlight a challenging period for Ascent Industries as they navigate financial hurdles. The company’s earnings report has been a focal point for investors assessing its current performance. Despite these developments, the stock showed minimal movement in after-hours trading. Investors and analysts will likely continue to monitor Ascent Industries for any strategic changes or future financial guidance.

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