StockNews.com cut shares of Acacia Research (NASDAQ:ACTG – Free Report) from a hold rating to a sell rating in a research note published on Friday.
Acacia Research Stock Up 1.8 %
Shares of NASDAQ ACTG opened at $4.60 on Friday. The company has a 50 day simple moving average of $4.68 and a 200 day simple moving average of $5.03. The firm has a market cap of $460.10 million, a PE ratio of 12.78 and a beta of 0.52. Acacia Research has a 1 year low of $3.43 and a 1 year high of $5.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 11.17 and a quick ratio of 10.90.
Acacia Research (NASDAQ:ACTG – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. Acacia Research had a net margin of 44.42% and a return on equity of 12.00%. The business had revenue of $25.84 million during 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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