Somewhat Positive News Coverage Somewhat Unlikely to Impact Aceto (ACET) Stock Price

Media coverage about Aceto (NASDAQ:ACET) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aceto earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.1616302878076 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news stories that may have effected Accern’s scoring:

Aceto (NASDAQ ACET) opened at $11.16 on Friday. The firm has a market cap of $345.36, a PE ratio of 53.14, a PEG ratio of 1.03 and a beta of 1.38. Aceto has a 1-year low of $8.29 and a 1-year high of $20.00. The company has a current ratio of 2.06, a quick ratio of 1.46 and a debt-to-equity ratio of 0.77.

Aceto (NASDAQ:ACET) last posted its earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $185.26 million during the quarter, compared to the consensus estimate of $190.58 million. Aceto had a net margin of 1.07% and a return on equity of 10.18%. The company’s revenue was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. research analysts anticipate that Aceto will post 1.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Monday, December 18th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, December 15th. Aceto’s dividend payout ratio (DPR) is 123.81%.

ACET has been the topic of several recent research reports. Canaccord Genuity set a $15.00 price objective on shares of Aceto and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of Aceto from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub cut shares of Aceto from a “sell” rating to a “strong sell” rating in a research note on Friday, December 15th. Finally, ValuEngine cut shares of Aceto from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.00.

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Aceto 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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