Aceto Stock Gaps Up On Today's Open (ACET)

NEW YORK (TheStreet) -- Shares of Aceto Corporation (Nasdaq:ACET) were gapping up Tuesday morning with an open price 13.4% higher than Monday's closing price. The stock closed at $5.24 Monday and opened today's trading at $5.94.

The average volume for Aceto has been 140,100 shares per day over the past 30 days. Aceto has a market cap of $157.1 million and is part of the basic materials sector and chemicals industry. Shares are down 41.8% year to date as of the close of trading on Monday.

Aceto Corporation, together with its subsidiaries, engages in sourcing, quality assurance, regulatory support, marketing, and distributing chemically derived pharmaceuticals, biopharmaceuticals, specialty chemicals, and crop protection products. The company has a P/E ratio of 15.5, below the average chemicals industry P/E ratio of 15.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Aceto as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Aceto Ratings Report.

Get more investment ideas from our investment research center.

Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.

For more information on Aceto Corporation click any of the following:

• Aceto Corporation Stock Price

• Aceto Corporation Analyst Ratings

• Aceto Corporation Key Stats & Profile

• Aceto Corporation Earnings

• Aceto Corporation Ratio Comparison

• Aceto Corporation Growth Rates

• Aceto Corporation Balance Sheet

• Aceto Corporation Cash Flow

• Aceto Corporation Income Statement