TheStreet upgraded shares of AdvanSix (NYSE:ASIX) from a c- rating to a b- rating in a report issued on Friday, TheStreetRatingsTable reports.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded AdvanSix from a hold rating to a sell rating in a research note on Monday, January 25th. CL King upgraded AdvanSix from a neutral rating to a buy rating in a report on Monday, December 7th.
Shares of NYSE ASIX opened at $29.65 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.53 and a debt-to-equity ratio of 0.74. The company has a market cap of $831.09 million, a price-to-earnings ratio of 47.82 and a beta of 1.84. AdvanSix has a 12 month low of $8.06 and a 12 month high of $30.43. The stock has a 50-day moving average price of $23.50 and a two-hundred day moving average price of $17.67.
Hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC bought a new stake in AdvanSix in the fourth quarter valued at approximately $120,000. BNP Paribas Arbitrage SA lifted its stake in AdvanSix by 324.6% in the third quarter. BNP Paribas Arbitrage SA now owns 7,125 shares of the company’s stock valued at $92,000 after buying an additional 5,447 shares during the period. Citigroup Inc. raised its position in shares of AdvanSix by 112.6% during the fourth quarter. Citigroup Inc. now owns 7,604 shares of the company’s stock worth $152,000 after purchasing an additional 4,027 shares during the period. Schroder Investment Management Group acquired a new position in shares of AdvanSix during the fourth quarter worth approximately $189,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in AdvanSix in the 3rd quarter valued at $144,000. Institutional investors and hedge funds own 82.34% of the company’s stock.
AdvanSix Company Profile
AdvanSix Inc manufactures and sells polymer resins in the United States and internationally. 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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