Acacia Research (NASDAQ:ACTG – Get Free Report) issued its earnings results on Thursday. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02), Zacks reports. Acacia Research had a net margin of 31.44% and a return on equity of 10.35%.
Acacia Research Stock Performance
ACTG stock opened at $4.07 on Thursday. The company has a 50-day simple moving average of $4.28 and a 200 day simple moving average of $4.48. The company has a market capitalization of $396.29 million, a P/E ratio of 7.70 and a beta of 0.49. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. Acacia Research has a fifty-two week low of $3.88 and a fifty-two week high of $5.74.
Analyst Ratings Changes
Separately, StockNews.com downgraded Acacia Research from a “hold” rating to a “sell” rating in a research report on Thursday.
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.
Further Reading
- Five stocks we like better than Acacia Research
- Golden Cross Stocks: Pattern, Examples and Charts
- Is a Bottom Finally Forming in Rocket Lab Stock?
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Gold Rally vs. Oil Surge: Where Investors Are Betting Next
- Bank Stocks – Best Bank Stocks to Invest In
- Intel Stock Surges on New CEO – The Real Story Runs Deeper
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.
