Aceto (ACET) sources and sells the ingredients for pharmaceutical products. ACET operates in three divisions:
- Human Health Division: Provides the raw material used in nutritional and packaged dietary supplements, including vitamins, amino acids, iron compounds, and bio chemicals used in pharmaceutical and nutritional preparations.
- Performance Chemicals: Provides chemicals that are used in textiles, plastics and energy industries among others.
- Pharmaceutical Ingredients: Sells active pharmaceutical ingredients and pharmaceutical intermediates to various generic drug companies.
Business is picking up for Aceto, and the company just posted a triple-digit earnings surprise, plus analysts have been raising their estimates for this year.
Portfolio Grader raised ACET stock to an “A” ranking in November, and the stock remains a strong buy at the current price.