Acacia Research (NASDAQ:ACTG – Get Rating) announced its quarterly earnings results on Thursday. The business services provider reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.98), Fidelity Earnings reports. Acacia Research had a net margin of 251.22% and a return on equity of 16.74%. The firm had revenue of $13.51 million for the quarter.
Shares of NASDAQ ACTG opened at $4.47 on Friday. Acacia Research has a fifty-two week low of $3.30 and a fifty-two week high of $7.54. The firm’s 50-day simple moving average is $4.28 and its 200 day simple moving average is $4.62.
Separately, StockNews.com raised shares of Acacia Research from a “sell” rating to a “hold” rating in a report on Friday, April 8th.
About Acacia Research (Get Rating)
Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through two segments, Intellectual Property Operations and Industrial Operations.
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