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Acorn International Inc (ATV) [hlAlert]

Rating:
Buy ATV
down 79.03 %

Acorn International Inc (ATV) rated Buy with price target $8 by Roth Capital

Posted on: Thursday,  Oct 1, 2009  9:25 AM ET by Roth Capital

Roth Capital rated Buy Acorn International Inc (NYSE: ATV) on 10/01/2009, when the stock price was $4.58. Since
then, Acorn International Inc has lost 79.04% as of 09/09/2015's recent price of $0.96.
If you would have followed this Roth Capital's recommendation on ATV, you would have lost 79.03% of your investment in 2169 days.

Acorn International, Inc. is an integrated multi-platform marketing company in China, which develops, promotes and sells consumer products and services. The Company?s two primary sales platforms are its television (TV) direct sales platform and nationwide distribution network. It offers over 700 products and services through its multiple sales platforms, approximately 8.6% of which are sold primarily through its TV direct sales platform, nationwide distribution network or both with the remaining products and services sold through its catalogs, third-party bank channel sales, outbound calls or the Internet. As of December 31, 2008, its featured product categories included cell phones, electronic learning devices, health and wellness products, cosmetics products, consumer electronics products, stock tracking software, collectibles products and electronic dictionary products. On December 24, 2008, it acquired Yiyang Yukang Communication Equipment Co., Ltd.

ROTH researches emerging growth equities in the media, technology, telecommunications, healthcare, consumer, energy and industrial sectors. The research is focused on companies with market capitalization of between $100 million - $1 billion. Our coverage universe includes approximately 180 small cap growth companies around the globe including several companies from China. With an average market cap of approximately $500 million, our objective is to identify rapidly growing companies with significant long term growth prospects.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2009 9:25 AM Buy
None
4.58 8.00
as of 12/31/2009
1 Week down  -15.06 %
1 Month down  -5.08 %
3 Months up  5.89 %
1 YTD up  5.89 %

(*) Stock Price at the time of the recommendation.
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