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Avient Corporation

Avient Corporation (AVNT)

43.68
0.24
(0.55%)
Closed June 19 4:00PM
43.68
0.00
(0.00%)
After Hours: 6:11PM

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Key stats and details

Current Price
43.68
Bid
-
Ask
-
Volume
487,034
43.28 Day's Range 43.93
27.7349 52 Week Range 47.87
Market Cap
Previous Close
43.44
Open
43.55
Last Trade
105516
@
43.68
Last Trade Time
Financial Volume
$ 21,249,278
VWAP
43.63
Average Volume (3m)
435,614
Shares Outstanding
91,179,276
Dividend Yield
2.34%
PE Ratio
30.61
Earnings Per Share (EPS)
0.83
Revenue
3.14B
Net Profit
75.7M

About Avient Corporation

Avient Corp manufactures and sells a variety of chemical and plastic-based products to designers and processors of plastics. The firm operates in three segments: Specialty Engineered Materials; Distribution; and Color, Additives, & Ink. The company's product portfolio includes concentrated color and... Avient Corp manufactures and sells a variety of chemical and plastic-based products to designers and processors of plastics. The firm operates in three segments: Specialty Engineered Materials; Distribution; and Color, Additives, & Ink. The company's product portfolio includes concentrated color and ink blends, plastic resins, and various specialized polymer materials used in industries such as food packaging, construction, transportation, cosmetics, and healthcare. The color, additives, & ink segment and the distribution segment together generate a vast majority of revenue. More than half of the total revenue is derived from the United States. Show more

Sector
Plastics,resins,elastomers
Industry
Plastics,resins,elastomers
Website
Headquarters
Columbus, Ohio, USA
Founded
1970
Avient Corporation is listed in the Plastics,resins,elastomers sector of the New York Stock Exchange with ticker AVNT. The last closing price for Avient was $43.44. Over the last year, Avient shares have traded in a share price range of $ 27.7349 to $ 47.87.

Avient currently has 91,179,276 shares outstanding. The market capitalization of Avient is $2.32 billion. Avient has a price to earnings ratio (PE ratio) of 30.61.

AVNT Latest News

International Paper Announces Changes to Its Board of Directors

International Paper Announces Changes to Its Board of Directors PR Newswire MEMPHIS, Tenn., May 22, 2024  Jamie A. Beggs and Scott A. Tozier to Join as Newest Board Members Ilene S. Gordon to...

Avient Announces Quarterly Dividend

Avient Announces Quarterly Dividend PR Newswire CLEVELAND, May 16, 2024 CLEVELAND, May 16, 2024 /PRNewswire/ -- The Board of Directors of Avient Corporation (NYSE: AVNT), a leading provider of...

Avient Announces First Quarter 2024 Results

Avient Announces First Quarter 2024 Results PR Newswire CLEVELAND, May 7, 2024 First quarter GAAP EPS from continuing operations of $0.54 compared to $0.23 in the prior year quarterFirst quarter...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.14-0.31948881789143.8245.92542.5233716843.75435968CS
4-1.67-3.6824696802645.3545.92542.5232370644.28245083CS
121.423.3601514434542.2647.8740.8243561443.62764581CS
263.939.8867924528339.7547.8735.544508341.0960027CS
524.210.638297872339.4847.8727.734945975038.95508379CS
156-3.9-8.1967213114847.5861.4627.6547023541.83588174CS
26018.4573.127229488725.2361.4623.2248088240.90151519CS

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AVNT Discussion

View Posts
ernie44 ernie44 4 months ago
posting before the m-I6 agents arrive





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ernie44 ernie44 10 months ago
breakOut --cat bounce --SETTLED BACK DOWN ----TYPICAL SHORT SQUEEEEEEEEEEEEZZZEE

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ernie44 ernie44 11 months ago
Agra Ventures Ltd. has mutually agreed to effectively terminate and amicably exit the Propagation Services Canada Inc. (doing business as Boundary Bay Cannabis) joint venture (BBC or the JV) by way of executing a series of agreements with its JV partner and related entities. Effective today, the company has settled its debt receivable and sold its equity interest in BBC to its JV partner for an aggregate of $250,000, and Nick Kuzyk, chief executive officer and director of Agra, has resigned as an officer and director of the JV.

In addition, a mutual release has been executed between Agra, a wholly owned subsidiary of Agra, and their respective directors and officers; and BBC, the landlord, the JV partner, and their respective directors and officers. By exiting BBC, the company has taken a significant step toward stemming its tide of financial losses, and, therefore, is now better positioned to preserve its current cash balance, pursue the collection of its remaining receivables, vend other non-core assets and consider a strategic pivot in a more promising direction within the cannabis industry.

Over time, the JV partner's talented team proved that it was able to successfully grow and process the high-potency Mimosa strain of cannabis using approximately 130,000 square feet of the 2.2-million-square-foot greenhouse complex. Despite selling essentially all of the bulk cannabis that was produced within the greenhouse facility in Delta, B.C., with the added assistance of an adept third party wholesale cannabis brokerage firm in order to attract the best purchasers, high levels of supply resulting in declining market prices, combined with high operating costs, prevented the JV from being profitable at any time.

Since inception, BBC had accumulated approximately $25-million in losses and was not expected to record net income in the foreseeable future due to unfavourable industry conditions, an onerous regulatory framework and unattractive competitive dynamics as a licensed producer of cannabis in Canada. Therefore, Agra and its JV partner amicably agreed to terminate the growing of cannabis after the 2022 growing season and exit the JV pursuant to the recently executed agreements.

Management commentary

"Continuing to lose significant amounts of money through BBC was not a viable option for Agra or for its JV partner. Ceasing cannabis growing operations to stop the financial losses was a difficult but necessary joint decision, which is one that is also being made by management teams in other segments across the Canadian cannabis industry, even quite recently in a significant way at the retail end of the value chain," said Mr. Kuzyk, director and chief executive officer of the company.

"I understand that many of Agra's shareholders were hopeful that BBC would become a national leader in cannabis production. Unfortunately, the recreational cannabis industry has not been set up for success, and significant changes are needed to the Cannabis Act and other tax-related improvements in order for the plant-touching aspects of the industry to become economic at a reasonable scale. However, exiting the JV gives Agra's board of directors the opportunity to consider a new direction for the company, based on its collective areas of expertise and more attractive alternatives currently available in the market," added Mr. Kuzyk
👍️0
ernie44 ernie44 1 year ago
NOT a Breakout-------- just a Breakdown....more than 10 percent
👍️ 1

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