Ascent Capital Group Inc Series A (NASDAQ:ASCMA) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $0.70 and last traded at $0.81, with a volume of 325 shares. The stock had previously closed at $0.85.

Several equities research analysts recently issued reports on ASCMA shares. ValuEngine raised shares of Ascent Capital Group Inc Series A from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. Zacks Investment Research downgraded shares of Ascent Capital Group Inc Series A from a “hold” rating to a “sell” rating in a research note on Monday, December 3rd.

The company has a market capitalization of $9.70 million, a PE ratio of -0.09 and a beta of 2.05. The company has a debt-to-equity ratio of 17.72, a quick ratio of 1.79 and a current ratio of 1.79.

Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last released its quarterly earnings results on Monday, November 5th. The industrial products company reported ($3.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($0.72). Ascent Capital Group Inc Series A had a negative return on equity of 166.55% and a negative net margin of 61.42%. The firm had revenue of $137.16 million for the quarter, compared to analysts’ expectations of $136.67 million. As a group, analysts predict that Ascent Capital Group Inc Series A will post -11.85 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. LMR Partners LLP purchased a new stake in Ascent Capital Group Inc Series A during the 2nd quarter worth $110,000. Paloma Partners Management Co purchased a new stake in Ascent Capital Group Inc Series A during the 2nd quarter worth $151,000. Millennium Management LLC acquired a new position in Ascent Capital Group Inc Series A during the 2nd quarter worth $723,000. Renaissance Technologies LLC grew its holdings in Ascent Capital Group Inc Series A by 4.3% during the 2nd quarter. Renaissance Technologies LLC now owns 936,200 shares of the industrial products company’s stock worth $2,631,000 after acquiring an additional 38,800 shares in the last quarter. Finally, Nantahala Capital Management LLC grew its holdings in Ascent Capital Group Inc Series A by 44.0% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,644,260 shares of the industrial products company’s stock worth $4,620,000 after acquiring an additional 502,075 shares in the last quarter. 66.98% of the stock is currently owned by hedge funds and other institutional investors.

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About Ascent Capital Group Inc Series A (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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