Aceto Corp.’s(ACET) MACD indicator has crossed over to bearish territory with a reading of -0.0941. The Zacks #5 Rank (“Strong Sell) stock declined nearly 1% to $6.08 in morning trade. Analysts have been reducing their estimates on the company’s earnings for the year ending June 2010, with the consensus down 15 cents over the past 2 months to 42 cents per share.
“ACET” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research