Is This Stock a Screaming Buy: Aceto Corp. (NASDAQ:ACET)

Equity Research firms currently have a positive stance on shares of Aceto Corp. (NASDAQ:ACET). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $26.67 on a short term basis.

At the time of writing, the stock was trading at $19.51. This represents a change from the opening price of -0.99%. In terms of performance, year to date, the stock is -26.69%. The monthly stock performance comes in at 0.77%. For the quarter, shares are performing at -18.26%. Weekly performance analysis shows the equity at 2.78%.

In taking a look at technical levels, shares are trading -9.85% away from the 50 day simple moving average and -12.88% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -38.73% away from it’s 52- week high and 6.93% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Aceto Corp.’s RSI stands at 43.95. In looking at volatility levels, the shares saw weekly volatility of 2.59% and 2.40% over the past month.

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