Acacia Research Coroporation Stock Gaps Up On Today's Open (ACTG)
Shares of Acacia Research Coroporation (Nasdaq:ACTG) were gapping up Friday morning with an open price 14% higher than Thursday's closing price. The stock closed at $39.38 yesterday and opened today's trading at $44.88.
NEW YORK ( TheStreet) -- Shares of Acacia Research Coroporation (Nasdaq: ACTG) were gapping up Friday morning with an open price 14% higher than Thursday's closing price. The stock closed at $39.38 Thursday and opened today's trading at $44.88. The average volume for Acacia Research Coroporation has been 386,200 shares per day over the past 30 days. Acacia Research Coroporation has a market cap of $1.98 billion and is part of the services sector and diversified services industry. Shares are up 10.8% year to date as of the close of trading on Thursday. Acacia Research Corporation, through its subsidiaries, acquires, develops, licenses, and enforces patented technologies in the United States. TheStreet Ratings rates Acacia Research Coroporation as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, robust revenue growth, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Acacia Research Coroporation Ratings Report. Get more investment ideas from our investment research center.