Media stories about Aceto Corporation (NASDAQ:ACET) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Aceto Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.7053119536876 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Aceto Corporation (ACET) traded up 0.06% during mid-day trading on Friday, reaching $16.17. 100,286 shares of the company were exchanged. The firm has a market capitalization of $486.72 million, a PE ratio of 30.86 and a beta of 1.27. The company’s 50 day moving average price is $15.37 and its 200 day moving average price is $15.55. Aceto Corporation has a 12 month low of $13.50 and a 12 month high of $25.98.
Aceto Corporation (NASDAQ:ACET) last issued its earnings results on Thursday, May 4th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.05. The business had revenue of $190.10 million during the quarter, compared to the consensus estimate of $195.09 million. Aceto Corporation had a net margin of 2.79% and a return on equity of 11.15%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.42 EPS. Equities analysts anticipate that Aceto Corporation will post $1.36 earnings per share for the current year.
A number of brokerages have issued reports on ACET. BidaskClub cut shares of Aceto Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Canaccord Genuity assumed coverage on shares of Aceto Corporation in a research report on Monday, July 31st. They issued a “buy” rating and a $19.00 price target on the stock. ValuEngine lowered shares of Aceto Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Aceto Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.33.
In related news, insider Charles John Alaimo sold 2,612 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $15.48, for a total value of $40,433.76. Following the sale, the insider now directly owns 15,017 shares in the company, valued at approximately $232,463.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Albert L. Eilender sold 6,500 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $15.21, for a total transaction of $98,865.00. Following the completion of the sale, the chairman now owns 252,029 shares in the company, valued at $3,833,361.09. The disclosure for this sale can be found here. Insiders sold a total of 33,065 shares of company stock worth $515,271 in the last ninety days. Insiders own 4.10% of the company’s stock.
Aceto Corporation Company Profile
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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