Weiss Ratings Reaffirms "Hold (C-)" Rating for AdvanSix (NYSE:ASIX)

Key Points

• Weiss Ratings has reaffirmed its "Hold (C-)" rating for AdvanSix (NYSE:ASIX), indicating a cautious outlook on the stock.
• Wall Street Zen downgraded AdvanSix from a "buy" to a "hold" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• AdvanSix's stock traded at $20.49, with a significant market cap of $549.82 million and a P/E ratio of 7.21 as of the latest trading session.

AdvanSix (NYSE:ASIX - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut AdvanSix from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $33.50.

AdvanSix Price Performance

NYSE ASIX traded up $0.06 during trading on Wednesday, hitting $20.49. 75,157 shares of the stock traded hands, compared to its average volume of 193,929. The company has a market capitalization of $549.82 million, a P/E ratio of 7.21 and a beta of 1.64. The firm has a 50-day simple moving average of $20.09 and a 200-day simple moving average of $21.80. The company has a quick ratio of 0.66, a current ratio of 1.35 and a debt-to-equity ratio of 0.29. AdvanSix has a 12-month low of $17.97 and a 12-month high of $33.00.

Institutional Investors Weigh In On AdvanSix

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in AdvanSix by 149.5% during the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company's stock valued at $45,000 after purchasing an additional 1,178 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of AdvanSix by 35.0% in the 1st quarter. Teacher Retirement System of Texas now owns 51,692 shares of the company's stock worth $1,171,000 after acquiring an additional 13,391 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of AdvanSix by 6.0% in the 1st quarter. New York State Teachers Retirement System now owns 50,496 shares of the company's stock worth $1,144,000 after acquiring an additional 2,837 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of AdvanSix in the 2nd quarter worth $363,000. Finally, Foundations Investment Advisors LLC raised its position in shares of AdvanSix by 221.5% in the 1st quarter. Foundations Investment Advisors LLC now owns 25,133 shares of the company's stock worth $569,000 after acquiring an additional 17,316 shares in the last quarter. 86.39% of the stock is owned by institutional investors.

About AdvanSix

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.

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