China says Nvidia broke competition rules, extends probe; stock off lows
Director Christopher Gerald Hutter of Ascent Industries Co. (NASDAQ:ACNT) sold 47,935 shares of common stock on September 11, 2025. The shares were sold at a price of $12.25, totaling $587,203. The transaction comes as ACNT trades near its 52-week high of $13.70, with the stock delivering a 9.66% return year-to-date. According to InvestingPro analysis, the company appears undervalued at current levels.
The sales were executed at prices ranging from $12.00 to $12.58 per share. Following the transaction, Hutter directly owns 211,615 shares and indirectly owns 178,959 shares through a Revocable Trust. InvestingPro data shows the company maintains strong financial health with a current ratio of 6.64, while management has been actively buying back shares. Discover more insights with InvestingPro’s comprehensive research report, covering 1,400+ US stocks including ACNT.
In other recent news, Ascent Industries reported a challenging second quarter for 2025, with earnings and revenue falling short of expectations. The company announced earnings per share (EPS) of -$0.25, which was significantly below the anticipated $0.27, resulting in a negative surprise of 192.59%. Additionally, revenue was reported at $18.7 million, missing the forecasted $56.9 million by 67.14%. These results highlight significant deviations from analyst projections. There were no significant stock price movements following the earnings release. Ascent Industries has not reported any recent mergers or acquisitions. Analyst firms have not publicly upgraded or downgraded the stock at this time. Investors will likely be attentive to any future announcements from the company.
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