AdvanSix (ASIX) Earning Somewhat Positive Media Coverage, Study Shows

News coverage about AdvanSix (NYSE:ASIX) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing 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 closest to one being the most favorable. AdvanSix earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.3651529545461 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of AdvanSix (NYSE ASIX) traded down $0.57 during midday trading on Friday, hitting $42.07. 248,629 shares of the stock traded hands, compared to its average volume of 249,153. AdvanSix has a one year low of $20.88 and a one year high of $46.51. The company has a market cap of $1,299.79, a price-to-earnings ratio of 26.63 and a beta of 2.84. The company has a quick ratio of 0.93, a current ratio of 1.39 and a debt-to-equity ratio of 0.84.

A number of analysts have weighed in on ASIX shares. Cowen increased their price target on shares of AdvanSix from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, October 6th. BidaskClub upgraded shares of AdvanSix from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 23rd. Zacks Investment Research upgraded shares of AdvanSix from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research report on Tuesday, September 12th. Finally, ValuEngine cut shares of AdvanSix from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

In related news, Director Michael Marberry purchased 539 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were purchased at an average price of $46.41 per share, with a total value of $25,014.99. Following the completion of the purchase, the director now owns 16,420 shares in the company, valued at approximately $762,052.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased a total of 2,366 shares of company stock worth $99,944 in the last three months. 2.70% of the stock is owned by insiders.

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About AdvanSix

AdvanSix Inc is an integrated manufacturer of Nylon 6. The Company also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process primarily, including caprolactam, ammonium sulfate fertilizers and other chemical intermediates. The Company operates primarily through its integrated manufacturing sites located in Frankford, Pennsylvania, Hopewell, Virginia, and Chesterfield, Virginia.

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