Aceto Corporation (ACET) to Release Quarterly Earnings on Thursday
Aceto Corporation (NASDAQ:ACET) will be issuing its quarterly earnings data after the market closes on Thursday, August 24th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Shares of Aceto Corporation (ACET) opened at 16.13 on Thursday. The stock has a 50 day moving average price of $15.72 and a 200-day moving average price of $15.33. Aceto Corporation has a 1-year low of $13.50 and a 1-year high of $25.98. The company has a market cap of $485.51 million, a price-to-earnings ratio of 30.78 and a beta of 1.27.
ACET has been the subject of several recent research reports. Canaccord Genuity initiated coverage on Aceto Corporation in a research report on Monday, July 31st. They issued a “buy” rating and a $19.00 price target for the company. BidaskClub lowered Aceto Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Aceto Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, ValuEngine lowered Aceto Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Aceto Corporation has an average rating of “Hold” and a consensus target price of $21.33.
In other Aceto Corporation news, COO Walter J. Kaczmarek III sold 7,083 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $16.57, for a total transaction of $117,365.31. Following the completion of the transaction, the chief operating officer now owns 47,917 shares in the company, valued at $793,984.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Albert L. Eilender sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $15.21, for a total value of $98,865.00. Following the transaction, the chairman now owns 252,029 shares of the company’s stock, valued at approximately $3,833,361.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,065 shares of company stock valued at $515,271. 4.10% of the stock is currently owned by company 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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