Acacia Research (NASDAQ:ACTG – Get Free Report) posted its quarterly earnings results on Thursday. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02), Zacks reports. Acacia Research had a return on equity of 10.35% and a net margin of 31.44%.
Acacia Research Price Performance
NASDAQ:ACTG opened at $4.07 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39. The company has a 50-day moving average of $4.28 and a 200-day moving average of $4.48. Acacia Research has a 52 week low of $3.88 and a 52 week high of $5.74. The company has a market capitalization of $396.29 million, a price-to-earnings ratio of 7.70 and a beta of 0.49.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Acacia Research from a “hold” rating to a “sell” rating in a 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.
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