Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Aceto (ACET) Stock Price

Media headlines about Aceto (NASDAQ:ACET) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Aceto earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.2254690921111 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of research firms have recently commented on ACET. ValuEngine upgraded Aceto from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. BidaskClub downgraded Aceto from a “sell” rating to a “strong sell” rating in a report on Friday, December 15th. Canaccord Genuity set a $15.00 price objective on Aceto and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded Aceto from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Aceto currently has an average rating of “Hold” and an average target price of $15.00.

Shares of Aceto (NASDAQ:ACET) opened at $10.33 on Friday. Aceto has a twelve month low of $8.29 and a twelve month high of $22.46. The stock has a market capitalization of $309.83, a price-to-earnings ratio of 8.57, a P/E/G ratio of 0.96 and a beta of 1.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.06 and a quick ratio of 1.46.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Monday, December 18th were issued a $0.065 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.26 annualized dividend and a yield of 2.52%. Aceto’s dividend payout ratio is currently 123.82%.

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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.

Insider Buying and Selling by Quarter for Aceto (NASDAQ:ACET)

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