Trade-Ideas LLC identified

Aceto

(

ACET

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Aceto as such a stock due to the following factors:

  • ACET has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.0 million.
  • ACET has traded 24,175 shares today.
  • ACET is trading at a new lifetime high.

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More details on ACET:

Aceto Corporation, together with its subsidiaries, sources, markets, sells, and distributes pharmaceutical intermediates and active ingredients, finished dosage form generics, nutraceutical products, agricultural protection products, and specialty chemicals. The stock currently has a dividend yield of 0.8%. ACET has a PE ratio of 25. Currently there is 1 analyst that rates Aceto a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Aceto has been 186,600 shares per day over the past 30 days. Aceto has a market cap of $847.5 million and is part of the basic materials sector and chemicals industry. The stock has a beta of 1.33 and a short float of 3.4% with 3.18 days to cover. Shares are up 36.1% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Aceto as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • ACETO CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ACETO CORP increased its bottom line by earning $1.15 versus $1.02 in the prior year. This year, the market expects an improvement in earnings ($1.26 versus $1.15).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Health Care Providers & Services industry. The net income increased by 145.5% when compared to the same quarter one year prior, rising from $5.55 million to $13.64 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 6.6%. Since the same quarter one year prior, revenues slightly increased by 5.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.43, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, ACET has a quick ratio of 1.68, which demonstrates the ability of the company to cover short-term liquidity needs.
  • After a year of stock price fluctuations, the net result is that ACET's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.

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