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Aceto (NASDAQ:ACET) Chairman Albert L. Eilender sold 7,144 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $19.14, for a total value of $136,736.16. Following the transaction, the chairman now directly owns 181,008 shares in the company, valued at approximately $3,464,493. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Aceto (NASDAQ:ACET) traded up 0.62% during mid-day trading on Wednesday, hitting $19.61. The stock had a trading volume of 133,443 shares. Aceto has a one year low of $14.28 and a one year high of $25.25. The stock’s 50-day moving average is $18.10 and its 200-day moving average is $18.83. The company has a market cap of $563.4 million and a P/E ratio of 19.26.

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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