Ascent Industries Co. (ACNT), Tuesday announced that it has expanded its stock repurchase program, authorizing the buyback of upto 1 million shares, about 10 percent of its outstanding stock, over the next 24 months.
Shares will be acquired at market prices using available capital. The program is flexible, with no obligation to repurchase a specific amount, and may be adjusted or discontinued as needed.
ACNT is currently trading at $11.25 up 1.17 percent or $1.13 on the Nasdaq.
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