Acorn International Stock Soars (ATV)
NEW YORK (TheStreet) -- Shares of Acorn International (NYSE:ATV) have taken a tremendous swing upward. The stock is trading at $4.39 as of 3:02 p.m. ET, 20.9% above Tuesday's closing price of $3.63. Volume is at 19,421, 0.8 times the daily average of 23,900. Acorn International has a market cap of $115.5 million and is part of the services sector and retail industry. Shares are down 14% year to date as of the close of trading on Tuesday. Acorn International, Inc., an integrated multi-platform marketing company, operates TV direct sales businesses and a nationwide off-TV distribution network. Its TV direct sales platform consists of airtime purchased from national and local channels. TheStreet Ratings rates Acorn International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself. You can view the full Acorn International Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
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