AdvanSix Inc (NYSE:ASIX) Director Buys $53,179.56 in Stock
AdvanSix Inc (NYSE:ASIX) Director Sharon Spurlin purchased 2,694 shares of AdvanSix stock in a transaction on Tuesday, December 10th. The stock was bought at an average price of $19.74 per share, for a total transaction of $53,179.56. Following the transaction, the director now directly owns 22,510 shares in the company, valued at approximately $444,347.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Shares of NYSE ASIX traded up $0.16 during trading on Friday, reaching $20.41. The company had a trading volume of 579 shares, compared to its average volume of 152,683. The company’s fifty day moving average price is $21.63 and its 200-day moving average price is $23.79. AdvanSix Inc has a 12 month low of $19.13 and a 12 month high of $34.92. The stock has a market cap of $541.50 million, a P/E ratio of 9.69 and a beta of 1.84. The company has a quick ratio of 0.45, a current ratio of 1.01 and a debt-to-equity ratio of 0.88.
AdvanSix (NYSE:ASIX) last released its quarterly earnings results on Friday, November 1st. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.23). AdvanSix had a net margin of 4.73% and a return on equity of 15.31%. The company had revenue of $310.60 million during the quarter, compared to the consensus estimate of $337.03 million. During the same quarter last year, the firm posted $0.18 EPS. The company’s quarterly revenue was down 15.8% on a year-over-year basis. As a group, equities analysts predict that AdvanSix Inc will post 1.87 earnings per share for the current year.
A number of research firms have commented on ASIX. Zacks Investment Research lowered AdvanSix from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. CL King began coverage on AdvanSix in a research report on Thursday, August 15th. They issued a “neutral” rating on the stock. Cowen reduced their price target on AdvanSix from $24.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 19th. Finally, ValuEngine lowered AdvanSix from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th.
AdvanSix Inc manufactures and sells polymer resins. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce engineered plastics, fibers, filaments, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone, which is used by customers in the production of adhesives, paints, coatings, solvents, herbicides, and other engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, cyclohexanol, acetaldehyde oxime, 2-pentanone oxime, sulfuric acid, ammonia, and carbon dioxide.
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