ASIX - Shares of AdvanSix Inc. (ASIX) Have Risen Above Previous 52-Week High
Shares of AdvanSix Inc. (NYSE:ASIX) traded at a new 52-week high today of $31.17. This new high was reached on below average trading volume as 95,000 shares traded hands, while the average 30-day volume is approximately 212,000 shares.
Based on a current price of $30.95, AdvanSix Inc. is currently 6.2% above its average consensus analyst price target of $29.04.
Over the past year, AdvanSix Inc. has traded in a range of $9.35 to $31.17 and is now at $30.95, 231% above that low.
AdvanSix Inc. is an integrated manufacturer of Nylon 6, a polymer resin. Nylon 6 is a synthetic material used by the customers to produce engineered plastics, fibers, filaments, and films, which in turn are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. In addition, it also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process including caprolactam, ammonium sulfate fertilizers, and other chemical intermediates. Geographically, the group operates through the United States and its business is also expanding internationally but it derives the majority of revenue from the United States region.
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