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Aceto (NASDAQ:ACET) Director Natasha Giordano unloaded 1,149 shares of the stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $17.43, for a total transaction of $20,027.07. Following the completion of the transaction, the director now directly owns 10,665 shares in the company, valued at approximately $185,891. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Singular Research cut their price target on shares of Aceto from $24.00 to $22.00 in a research note on Tuesday, May 20th. They now have a “buy” rating on the stock. Analysts at Sidoti upgraded shares of Aceto from a “neutral” rating to a “buy” rating in a research note on Monday, May 19th.

Shares of Aceto (NASDAQ:ACET) opened at 17.23 on Friday. Aceto has a 1-year low of $12.40 and a 1-year high of $25.25. The stock has a 50-day moving average of $19.72 and a 200-day moving average of $20.56. The company has a market cap of $495.0 million and a price-to-earnings ratio of 16.95. Aceto also was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,304,565 shares, a growth of 45.8% from the April 30th total of 894,563 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average daily volume of 585,936 shares, the short-interest ratio is currently 2.2 days.

Aceto (NASDAQ:ACET) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.09. The company had revenue of $124.83 million for the quarter, compared to the consensus estimate of $136.70 million. Aceto’s revenue was down 17.3% compared to the same quarter last year. On average, analysts predict that Aceto will post $1.00 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, June 10th.

Aceto Corporation (NASDAQ:ACET) is primarily engaged in the sourcing, regulatory support, quality assurance, marketing, sales and distribution of pharmaceutical intermediates and active ingredients, finished dosage form generics, nutraceutical products, agricultural protection products and specialty chemicals used principally as finished products or raw materials in the pharmaceutical, nutraceutical, agricultural, coatings and industrial chemical consuming industries.

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