Acacia Research (NASDAQ:ACTG - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $47.75 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.
Acacia Research Trading Up 2.4 %
Shares of NASDAQ:ACTG traded up $0.10 during trading on Friday, reaching $4.19. 290,970 shares of the company traded hands, compared to its average volume of 153,188. The firm has a market capitalization of $407.97 million, a price-to-earnings ratio of 7.91 and a beta of 0.49. Acacia Research has a 52-week low of $3.88 and a 52-week high of $5.74. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. The business's fifty day moving average is $4.28 and its 200-day moving average is $4.49.
Analysts Set New Price Targets
Separately, StockNews.com raised Acacia Research from a "sell" rating to a "hold" rating in a research note on Wednesday.
Read Our Latest Report on Acacia Research
Acacia Research Company Profile
(
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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
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