Shares of Aceto Corp. (NASDAQ:ACET) saw strong trading volume on Friday . 120,807 shares changed hands during trading, a decline of 4% from the previous session’s volume of 125,435 shares.The stock last traded at $24.44 and had previously closed at $24.49.

Separately, Zacks Investment Research upgraded Aceto Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd.

The company has a market capitalization of $719.21 million and a price-to-earnings ratio of 17.25. The firm’s 50-day moving average price is $24.70 and its 200-day moving average price is $22.79.

In other Aceto Corp. news, VP Frank Debenedittis sold 3,275 shares of Aceto Corp. stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $23.34, for a total value of $76,438.50. Following the completion of the transaction, the vice president now owns 67,495 shares in the company, valued at approximately $1,575,333.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Douglas A. Roth sold 7,000 shares of Aceto Corp. stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $22.16, for a total value of $155,120.00. Following the completion of the transaction, the chief financial officer now owns 65,553 shares of the company’s stock, valued at approximately $1,452,654.48. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of ACET. Redwood Investments LLC increased its position in shares of Aceto Corp. by 28.5% in the fourth quarter. Redwood Investments LLC now owns 52,278 shares of the company’s stock valued at $1,410,000 after buying an additional 11,584 shares during the last quarter. Morgan Stanley increased its position in shares of Aceto Corp. by 15.7% in the fourth quarter. Morgan Stanley now owns 457,690 shares of the company’s stock valued at $12,349,000 after buying an additional 62,003 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Aceto Corp. by 24.6% in the fourth quarter. California Public Employees Retirement System now owns 115,000 shares of the company’s stock valued at $3,103,000 after buying an additional 22,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Aceto Corp. by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,023,521 shares of the company’s stock valued at $54,595,000 after buying an additional 61,871 shares during the last quarter.

Aceto Corporation (Aceto) is engaged in marketing, sales and distribution of finished dosage form generic pharmaceuticals, nutraceutical products, pharmaceutical active ingredients and intermediates, specialty performance chemicals inclusive of agricultural intermediates and agricultural protection products.

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