ASIX - Shares of AdvanSix Inc. (ASIX) Rise Above Previous 52-Week High
Shares of AdvanSix Inc. (NYSE:ASIX) traded today at $40.05, eclipsing its 52-week high. This new high was reached on below average trading volume as 62,000 shares traded hands, while the average 30-day volume is approximately 192,000 shares.
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.
AdvanSix Inc. (NYSE:ASIX) defies analysts with a current price ($39.46) 55.7% above its average consensus price target of $17.49.
AdvanSix Inc. share prices have moved between a 52-week high of $40.05 and a 52-week low of $11.73 and are now trading 236% above that low price at $39.46 per share.
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