Market Runner: Aceto Corporation Rises A lot Today, Is Now One of The Best Performer

Market Runner: Aceto Corporation Rises A lot Today, Is Now One of The Best Performer

The stock of Aceto Corporation (NASDAQ:ACET) is a huge mover today! The stock increased 3.26% or $0.62 during the last trading session, hitting $19.61. About 250,946 shares traded hands. Aceto Corporation (NASDAQ:ACET) has declined 11.47% since February 29, 2016 and is downtrending. It has underperformed by 23.68% the S&P500.
The move comes after 6 months positive chart setup for the $578.67M company. It was reported on Oct, 4 by We have $25.49 PT which if reached, will make NASDAQ:ACET worth $173.60 million more.

According to Zacks Investment Research, “Aceto Corporation markets, sells and distributes finished dosage form generics, nutraceutical products, pharmaceutical intermediates and active ingredients, agricultural protection products and specialty chemicals. The company’s operating segment consists of Human Health, Pharmaceutical Ingredients and Performance Chemicals. Human Health segment supplies raw materials used in the production of nutritional and packaged dietary supplements. It markets and distributes its generic prescription and over the counter pharmaceutical products. Pharmaceutical Ingredients segment offers active pharmaceutical ingredients and pharmaceutical intermediates. Performance Chemicals segment provides specialty chemicals. It serves chemical, agricultural, human health and pharmaceutical industries. The company operates primarily in United States, Europe, and Asia. Aceto Corporation and is headquartered in Port Washington, New York.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 0.62, from 1.48 in 2016Q1. The ratio turned negative, as 16 funds sold all Aceto Corporation shares owned while 49 reduced positions. 11 funds bought stakes while 45 increased positions. They now own 23.91 million shares or 7.56% less from 25.86 million shares in 2016Q1.
Ranger Invest Management Lp holds 1.11M shares or 1.5% of its portfolio. Timpani Mngmt Ltd Liability Corp last reported 0.4% of its portfolio in the stock. The California-based Rice Hall James & Associate Ltd Com has invested 0.09% in Aceto Corporation (NASDAQ:ACET). Motley Fool Asset Limited Liability Com holds 205,000 shares or 0.98% of its portfolio. Teachers Retirement Systems Of The State Of Kentucky, a Kentucky-based fund reported 9,900 shares. Champlain Inv Partners Lc accumulated 818,710 shares or 0.31% of the stock. Tradewinds Glob Ltd Limited Liability Company last reported 14,948 shares in the company. Assetmark holds 131,381 shares or 0.05% of its portfolio. Barclays Public Ltd Company owns 11,100 shares or 0% of their US portfolio. The Ontario – Canada-based Manufacturers Life Co The has invested 0% in Aceto Corporation (NASDAQ:ACET). Loomis Sayles Lp last reported 1.39 million shares in the company. California Pub Employees Retirement Systems last reported 109,600 shares in the company. Moreover, Perritt Mgmt has 0.75% invested in Aceto Corporation (NASDAQ:ACET) for 129,945 shares. Sunbelt Secs holds 0% or 7,000 shares in its portfolio. Mckinley Cap Management Lc Delaware accumulated 200 shares or 0% of the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 30 sales for $3.10 million net activity. The insider DEBENEDITTIS FRANK sold 6,810 shares worth $154,110. Shares for $97,100 were sold by BRITTON WILLIAM N on Tuesday, June 7. ROTH DOUGLAS A also sold $2,961 worth of Aceto Corporation (NASDAQ:ACET) on Tuesday, September 6. Shares for $79,342 were sold by Srinivasan Satish on Monday, June 6. The insider Kippley Terry sold $48,160. Shares for $79,870 were sold by Shackley Nicolas I on Wednesday, July 6. Alaimo Charles John also sold $50,955 worth of Aceto Corporation (NASDAQ:ACET) on Thursday, September 1.

More important recent Aceto Corporation (NASDAQ:ACET) news were published by: which released: “Why Shares of Aceto Corporation Plunged 23% Today” on August 26, 2016, also published article titled: “News Aceto Corp.ACET”, published: “ACETO Corporation to Acquire 100% of the Equity Interests of PACK …” on March 27, 2014. More interesting news about Aceto Corporation (NASDAQ:ACET) was released by: and their article: “ACETO Corporation Announces $125 Million Convertible Notes Offering” with publication date: November 09, 2015.

ACET Company Profile

Aceto Corporation (Aceto), incorporated on June 13, 1947, 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. The Company’s business is organized along product lines into three divisions: Human Health, Pharmaceutical Ingredients and Performance Chemicals. As of June 30, 2016, the Company distributed over 1,100 chemical compounds used primarily as finished products or raw materials in the pharmaceutical, nutraceutical, agricultural, coatings and industrial chemical industries. The Firm has presence in China, Germany, France, The Netherlands, Singapore, India, Hong Kong, Philippines, the United Kingdom and the United States.

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