Somewhat Favorable Media Coverage Somewhat Unlikely to Impact AdvanSix (ASIX) Share Price

Headlines about AdvanSix (NYSE:ASIX) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AdvanSix earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.9117024887286 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of NYSE ASIX opened at $37.52 on Wednesday. AdvanSix has a 52 week low of $37.15 and a 52 week high of $37.88. The company has a quick ratio of 0.72, a current ratio of 1.17 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.51 and a beta of 1.44.

AdvanSix (NYSE:ASIX) last issued its earnings results on Friday, May 4th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. AdvanSix had a return on equity of 24.00% and a net margin of 8.99%. The business had revenue of $359.20 million during the quarter, compared to the consensus estimate of $368.45 million. The company’s quarterly revenue was down 4.6% on a year-over-year basis. equities analysts forecast that AdvanSix will post 3.28 earnings per share for the current fiscal year.

Several brokerages have commented on ASIX. Zacks Investment Research downgraded AdvanSix from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Cowen cut their target price on AdvanSix from $47.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, April 12th.

In other AdvanSix news, Director Michael Marberry purchased 685 shares of the company’s stock in a transaction dated Friday, April 6th. The stock was purchased at an average price of $36.50 per share, for a total transaction of $25,002.50. Following the transaction, the director now owns 19,424 shares in the company, valued at approximately $708,976. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have bought 4,086 shares of company stock valued at $149,900. Corporate insiders own 2.70% of the company’s stock.

About AdvanSix

AdvanSix Inc manufactures and sells polymer resins in the United States. 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, ammonium sulfate fertilizers, and acetone, 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.

Insider Buying and Selling by Quarter for AdvanSix (NYSE:ASIX)

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