ValuEngine Lowers Acorn International (ATV) to Hold

Acorn International (NYSE:ATV) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

Acorn International (NYSE:ATV) traded down $0.40 during trading on Friday, reaching $16.41. The company’s stock had a trading volume of 157 shares, compared to its average volume of 4,870. Acorn International has a fifty-two week low of $5.99 and a fifty-two week high of $19.51.

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About Acorn International

Acorn International, Inc is a marketing and branding company in China that develops, promotes and sells a portfolio of branded products. The Company’s business is comprised of two main divisions, direct-sales platforms and its nationwide distribution network. The direct-sales business involves marketing and selling products directly to consumers in China through its outbound marketing platform and Internet sales platform.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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