StockNews.com downgraded shares of Acacia Research (NASDAQ:ACTG – Free Report) from a hold rating to a sell rating in a research report report published on Tuesday.
Acacia Research Trading Down 4.5 %
Shares of Acacia Research stock opened at $4.45 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 11.17 and a quick ratio of 10.90. The business has a fifty day simple moving average of $4.80 and a two-hundred day simple moving average of $5.07. Acacia Research has a 1 year low of $3.43 and a 1 year high of $5.74. The company has a market capitalization of $445.10 million, a price-to-earnings ratio of 12.36 and a beta of 0.52.
Acacia Research (NASDAQ:ACTG – Get Free Report) last posted its earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. Acacia Research had a return on equity of 12.00% and a net margin of 44.42%. 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.
See Also
- Five stocks we like better than Acacia Research
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Why Lennar Stock Could Be the Best Play in the Housing Market
- Manufacturing Stocks Investing
- 2 Energy Stocks Fueling the AI Datacenter Boom
- Comparing and Trading High PE Ratio Stocks
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for Acacia Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Research and related companies with MarketBeat.com's FREE daily email newsletter.