News articles about Aceto Corporation (NASDAQ:ACET) have trended somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Aceto Corporation earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.0644073419854 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Aceto Corporation (NASDAQ:ACET) traded down 1.77% during midday trading on Thursday, hitting $11.13. The stock had a trading volume of 311,974 shares. The firm has a market cap of $335.11 million, a P/E ratio of 31.80 and a beta of 1.35. Aceto Corporation has a 12-month low of $10.27 and a 12-month high of $22.46. The stock has a 50-day moving average price of $11.11 and a 200 day moving average price of $14.21.
Aceto Corporation (NASDAQ:ACET) last issued its quarterly earnings data on Thursday, August 24th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.17). Aceto Corporation had a return on equity of 10.21% and a net margin of 1.78%. The company had revenue of $194.60 million for the quarter, compared to analyst estimates of $184.49 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 43.7% on a year-over-year basis. On average, equities analysts anticipate that Aceto Corporation will post $1.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 8th were issued a $0.065 dividend. The ex-dividend date was Thursday, September 7th. This represents a $0.26 annualized dividend and a yield of 2.34%. Aceto Corporation’s dividend payout ratio (DPR) is presently 74.29%.
A number of equities research analysts have recently issued reports on ACET shares. ValuEngine upgraded Aceto Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Canaccord Genuity restated a “buy” rating and issued a $15.00 price target (down from $19.00) on shares of Aceto Corporation in a research report on Monday, August 28th. BidaskClub lowered Aceto Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded Aceto Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.00.
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In other Aceto Corporation news, COO Walter J. Kaczmarek III sold 7,083 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $16.57, for a total value of $117,365.31. Following the completion of the transaction, the chief operating officer now directly owns 47,917 shares in the company, valued at approximately $793,984.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Albert L. Eilender sold 9,530 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $10.47, for a total value of $99,779.10. Following the completion of the transaction, the chairman now owns 307,028 shares of the company’s stock, valued at $3,214,583.16. The disclosure for this sale can be found here. Insiders sold a total of 33,366 shares of company stock valued at $392,554 over the last quarter. 4.10% of the stock is currently owned by insiders.
About Aceto Corporation
Aceto Corporation (Aceto) is engaged in the marketing, sales and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals inclusive of agricultural intermediates and agricultural protection products.
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