Time to Buy Aceto Corporation (ACET) After Today’s Big Increase?

April 24, 2018 - By Richard Conner

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.22, from 1.28 in 2017Q3. It turned negative, as 19 investors sold Aceto Corporation shares while 35 reduced holdings. 24 funds opened positions while 33 raised stakes. 23.17 million shares or 3.19% less from 23.93 million shares in 2017Q3 were reported.
California Pub Employees Retirement Systems accumulated 71,900 shares. Mason Street Advsrs Lc reported 7,831 shares. Citigroup has 0% invested in Aceto Corporation (NASDAQ:ACET). Alabama-based Regions Corp has invested 0% in Aceto Corporation (NASDAQ:ACET). Parametric Portfolio Associate Ltd Liability has 0% invested in Aceto Corporation (NASDAQ:ACET) for 91,297 shares. Art Advsr Ltd Liability Corp has invested 0% in Aceto Corporation (NASDAQ:ACET). Guggenheim Cap Ltd Liability has 0.01% invested in Aceto Corporation (NASDAQ:ACET). Moreover, Nomura Holdg has 0% invested in Aceto Corporation (NASDAQ:ACET). Connor Clark Lunn Invest Mngmt Ltd invested 0% in Aceto Corporation (NASDAQ:ACET). Ls Inv Advsrs Lc owns 0% invested in Aceto Corporation (NASDAQ:ACET) for 935 shares. Ameriprise Financial Inc holds 0% in Aceto Corporation (NASDAQ:ACET) or 409,927 shares. Arizona State Retirement Systems holds 0.01% of its portfolio in Aceto Corporation (NASDAQ:ACET) for 50,605 shares. Pub Sector Pension Board invested in 0% or 19,095 shares. Panagora Asset Mngmt, a Massachusetts-based fund reported 61,871 shares. 13,000 are owned by Louisiana State Employees Retirement Sys.

Since December 22, 2017, it had 0 insider buys, and 1 insider sale for $3,225 activity.

The stock of Aceto Corporation (NASDAQ:ACET) is a huge mover today! The stock increased 8.33% or $0.19 during the last trading session, reaching $2.47. About 1.52 million shares traded or 114.07% up from the average. Aceto Corporation (NASDAQ:ACET) has declined 50.70% since April 24, 2017 and is downtrending. It has underperformed by 62.25% the S&P500.
The move comes after 8 months positive chart setup for the $75.98 million company. It was reported on Apr, 24 by Barchart.com. We have $2.54 PT which if reached, will make NASDAQ:ACET worth $2.28 million more.

Analysts await Aceto Corporation (NASDAQ:ACET) to report earnings on May, 3. They expect $0.25 earnings per share, down 35.90 % or $0.14 from last year’s $0.39 per share. ACET’s profit will be $7.69M for 2.47 P/E if the $0.25 EPS becomes a reality. After $0.22 actual earnings per share reported by Aceto Corporation for the previous quarter, Wall Street now forecasts 13.64 % EPS growth.

Aceto Corporation (NASDAQ:ACET) Ratings Coverage

Among 2 analysts covering Aceto Corp (NASDAQ:ACET), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Aceto Corp had 5 analyst reports since October 29, 2017 according to SRatingsIntel. Craig Hallum downgraded the shares of ACET in report on Thursday, April 19 to “Sell” rating. Canaccord Genuity maintained Aceto Corporation (NASDAQ:ACET) rating on Monday, November 6. Canaccord Genuity has “Buy” rating and $13 target. The firm has “Buy” rating given on Sunday, February 4 by Canaccord Genuity. The stock has “Buy” rating by Canaccord Genuity on Sunday, October 29. The stock of Aceto Corporation (NASDAQ:ACET) earned “Sell” rating by Canaccord Genuity on Thursday, April 19.

Aceto Corporation, together with its subsidiaries, sources, markets, sells, and distributes finished dosage form generics, nutraceutical products, pharmaceutical intermediates and active ingredients, agricultural protection products, and specialty chemicals. The company has market cap of $75.98 million. The firm operates in three divisions: Human Health, Pharmaceutical Ingredients, and Performance Chemicals. It currently has negative earnings. The Human Health segment supplies raw materials used in the production of nutritional and packaged dietary supplements, including vitamins, amino acids, iron compounds, and bio chemicals used in pharmaceutical and nutritional preparations.

Aceto Corporation (NASDAQ:ACET) Institutional Positions Chart

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