Acacia Research (ACTG) Set to Announce Quarterly Earnings on Tuesday

Acacia Research (NASDAQ:ACTG) will be issuing its quarterly earnings data before the market opens on Tuesday, November 12th. Parties that wish to register for the company’s conference call can do so using this link.

Acacia Research (NASDAQ:ACTG) last posted its earnings results on Thursday, August 8th. The business services provider reported ($0.02) EPS for the quarter. The business had revenue of $25.84 million for the quarter. Acacia Research had a return on equity of 12.00% and a net margin of 44.42%.

Acacia Research Stock Up 0.5 %

ACTG stock traded up $0.02 during mid-day trading on Tuesday, reaching $4.38. 192,536 shares of the company traded hands, compared to its average volume of 256,264. The company has a quick ratio of 10.90, a current ratio of 11.17 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average price is $4.66 and its 200 day moving average price is $4.98. The stock has a market cap of $439.66 million, a price-to-earnings ratio of 6.81 and a beta of 0.53. Acacia Research has a fifty-two week low of $3.55 and a fifty-two week high of $5.74.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Acacia Research from a “hold” rating to a “sell” rating in a report on Friday, October 11th.

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.