Acacia Research (NASDAQ:ACTG) Trading 12.4% Higher
Acacia Research Corp (NASDAQ:ACTG)’s stock price shot up 12.4% during mid-day trading on Wednesday . The company traded as high as $2.95 and last traded at $2.91, 267,700 shares changed hands during trading. An increase of 123% from the average session volume of 119,800 shares. The stock had previously closed at $2.59.
The stock has a fifty day moving average of $2.79 and a 200-day moving average of $3.00.
Acacia Research (NASDAQ:ACTG) last released its earnings results on Monday, August 5th. The business services provider reported ($0.05) EPS for the quarter. Acacia Research had a negative net margin of 76.22% and a negative return on equity of 7.79%. The firm had revenue of $5.46 million during the quarter.
Acacia Research Company Profile (NASDAQ:ACTG)
Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engage in the licensing and enforcement of patented technologies. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation.
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