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 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, alpha-methyl styrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide. It offers its products under the Aegis, Capra, Sulf-N, Nadone, Naxol, and EZ-Blox brands. The company sells its products directly, as well as through distributors. AdvanSix Inc. was incorporated in 2016 and is headquartered in Parsippany, New Jersey.
AdvanSix Trading Up 0.6 %
NYSE:ASIX traded up $0.25 during mid-day trading on Thursday, reaching $38.82. The company's stock had a trading volume of 2,387 shares, compared to its average volume of 168,985. The company's fifty day simple moving average is $36.23 and its two-hundred day simple moving average is $42.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 0.79. AdvanSix has a twelve month low of $30.86 and a twelve month high of $57.10. The stock has a market cap of $1.09 billion, a P/E ratio of 5.77 and a beta of 1.85.
AdvanSix Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Stockholders of record on Tuesday, August 16th will be paid a $0.145 dividend. This is a positive change from AdvanSix's previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, August 15th. AdvanSix's payout ratio is currently 8.67%.
Wall Street Analysts Forecast Growth
ASIX has been the topic of a number of research analyst reports. StockNews.com lowered AdvanSix from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 8th. Piper Sandler decreased their price target on AdvanSix from $64.00 to $60.00 and set an "overweight" rating on the stock in a research note on Monday, August 8th.
Insider Activity
In other news, insider Christopher Gramm sold 1,000 shares of AdvanSix stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $38.59, for a total value of $38,590.00. Following the transaction, the insider now directly owns 36,765 shares of the company's stock, valued at approximately $1,418,761.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.90% of the company's stock.