Aceto Co. (NASDAQ:ACET) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.15 and last traded at $7.70, with a volume of 616200 shares trading hands. The stock had previously closed at $7.70.

A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Aceto from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine downgraded shares of Aceto from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Aceto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Canaccord Genuity set a $15.00 target price on shares of Aceto and gave the company a “buy” rating in a research report on Monday, October 30th.

The company has a current ratio of 2.00, a quick ratio of 1.38 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $221.84, a P/E ratio of -42.59, a P/E/G ratio of 0.75 and a beta of 1.40.

Aceto (NASDAQ:ACET) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $171.20 million during the quarter, compared to the consensus estimate of $176.50 million. Aceto had a negative net margin of 0.79% and a positive return on equity of 10.26%. The business’s revenue was up 36.3% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. sell-side analysts anticipate that Aceto Co. will post 1.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.065 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 3.59%. Aceto’s dividend payout ratio (DPR) is presently -152.94%.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Aceto in the 3rd quarter valued at about $106,000. Teacher Retirement System of Texas bought a new stake in shares of Aceto in the 4th quarter valued at about $108,000. Palisade Capital Management LLC NJ bought a new stake in shares of Aceto in the 3rd quarter valued at about $131,000. Stone Ridge Asset Management LLC bought a new stake in shares of Aceto in the 4th quarter valued at about $122,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Aceto by 73.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 14,924 shares of the company’s stock valued at $168,000 after acquiring an additional 6,316 shares during the last quarter. 76.72% of the stock is owned by institutional investors.

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About Aceto

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.

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