Ascent Industries Co. is a diverse industrials company. Co. is focused on the production of stainless-steel pipe and tube and specialty chemicals. Co.'s business is divided into two reportable operating segments, Tubular Products and Specialty Chemicals. The Tubular Products segment serves markets through pipe and tube production and customers in the appliance, architectural, automotive, and commercial transportation, brewery, chemical, petrochemical, pulp and paper, mining, power generation (including nuclear), water and waste-water treatment, liquid natural gas (LNG), food processing, pharmaceutical, oil and gas and other industries. We show 3 historical shares outstanding datapoints in our ACNT shares outstanding history coverage, used to compute ACNT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ACNT market cap history over the course of time is important for investors
interested in comparing ACNT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ACNT versus a peer is one thing; comparing
ACNT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ACNT can fluctuate over the course of history.
With this page we aim to empower investors researching ACNT by allowing them to research the ACNT market cap history. |
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Video: The Importance of Market Cap
