NasdaqGM:ACNTChemicals
Ascent Industries (ACNT) Stock Profit Return Meets Margin And Cash Strain
Ascent Industries stock inched up 1.3% to US$15.58 into the first full trading day after earnings, a muted move for a quarter that flipped the income statement from losses to a profit. Q2 basic earnings per share landed at US$0.07 with net sales of US$25.7 million, while adjusted earnings before interest, tax, depreciation and amortization turned positive.
The short term reaction looks restrained given that shift. The bigger question now is whether this first profitable quarter in a while...