Ascent Capital Group Inc Series A (NASDAQ:ASCMA)’s share price rose 8.4% during trading on Friday . The company traded as high as $1.25 and last traded at $0.90. Approximately 605,220 shares were traded during trading, an increase of 475% from the average daily volume of 105,273 shares. The stock had previously closed at $0.83.
Separately, ValuEngine cut shares of Ascent Capital Group Inc Series A from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.
The firm has a market cap of $11.23 million, a price-to-earnings ratio of -0.04 and a beta of 2.97.
Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last announced its quarterly earnings data on Monday, April 1st. The industrial products company reported ($8.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.13) by ($5.61). The company had revenue of $134.44 million for the quarter. On average, research analysts anticipate that Ascent Capital Group Inc Series A will post -11.51 earnings per share for the current year.
An institutional investor recently raised its position in Ascent Capital Group Inc Series A stock. Bank of America Corp DE boosted its stake in shares of Ascent Capital Group Inc Series A (NASDAQ:ASCMA) by 8,895.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 869,152 shares of the industrial products company’s stock after buying an additional 859,490 shares during the quarter. Bank of America Corp DE owned approximately 6.99% of Ascent Capital Group Inc Series A worth $339,000 as of its most recent SEC filing. 56.34% of the stock is currently owned by institutional investors and hedge funds.
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Ascent Capital Group Inc Series A Company Profile (NASDAQ:ASCMA)
Ascent Capital Group, Inc, through its subsidiary, Monitronics International, Inc, provides security alarm monitoring services to residential and commercial customers in the United States, Canada, the District of Columbia, and Puerto Rico. The company provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at customers' premises.
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