StockNews.com cut shares of Acacia Research (NASDAQ:ACTG – Free Report) from a hold rating to a sell rating in a research report released on Friday.
Acacia Research Trading Up 1.8 %
Shares of ACTG opened at $4.60 on Friday. The business’s 50-day moving average price is $4.68 and its 200-day moving average price is $5.03. Acacia Research has a twelve month low of $3.43 and a twelve month high of $5.74. The stock has a market cap of $460.10 million, a PE ratio of 12.78 and a beta of 0.52. The company has a quick ratio of 10.90, a current ratio of 11.17 and a debt-to-equity ratio of 0.14.
Acacia Research (NASDAQ:ACTG – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share for the quarter. Acacia Research had a net margin of 44.42% and a return on equity of 12.00%. The company had revenue of $25.84 million for the quarter.
Institutional Inflows and Outflows
About Acacia Research
Acacia is a publicly traded (Nasdaq: ACTG) company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon.
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