StockNews.com downgraded shares of Acacia Research (NASDAQ:ACTG – Free Report) from a hold rating to a sell rating in a report published on Tuesday.
Acacia Research Price Performance
ACTG stock opened at $4.48 on Tuesday. The company has a current ratio of 11.17, a quick ratio of 10.90 and a debt-to-equity ratio of 0.14. Acacia Research has a one year low of $3.43 and a one year high of $5.74. The firm has a market capitalization of $448.10 million, a PE ratio of 12.53 and a beta of 0.52. The firm has a 50-day moving average of $4.78 and a two-hundred day moving average of $5.06.
Acacia Research (NASDAQ:ACTG – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.02) EPS 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 Trading of Acacia Research
Acacia Research Company Profile
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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