ACCO Brands (NYSE:ACCO) Reaches New 12-Month Low - Time to Sell?

ACCO Brands Co. (NYSE:ACCO - Get Free Report) reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $4.34 and last traded at $4.57, with a volume of 3296018 shares trading hands. The stock had previously closed at $5.52.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ACCO. Barrington Research reduced their price objective on ACCO Brands from $7.50 to $7.00 and set an "outperform" rating on the stock in a research note on Tuesday. StockNews.com lowered ACCO Brands from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th.

ACCO Brands Stock Up 0.8 %

The company has a market capitalization of $422.14 million, a P/E ratio of -4.29, a price-to-earnings-growth ratio of 0.37 and a beta of 1.68. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The stock's fifty day moving average is $5.20 and its 200 day moving average is $5.38.

ACCO Brands (NYSE:ACCO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $448.10 million for the quarter, compared to the consensus estimate of $455.06 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. Research analysts predict that ACCO Brands Co. will post 1.02 EPS for the current fiscal year.

ACCO Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a $0.075 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.60%. ACCO Brands's dividend payout ratio is currently -28.30%.

Hedge Funds Weigh In On ACCO Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its position in ACCO Brands by 123.0% during the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 3,260 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of ACCO Brands during the 3rd quarter valued at about $61,000. Burns Matteson Capital Management LLC bought a new stake in shares of ACCO Brands during the 4th quarter valued at about $61,000. Y Intercept Hong Kong Ltd purchased a new position in shares of ACCO Brands during the third quarter valued at about $63,000. Finally, Xponance Inc. bought a new position in ACCO Brands in the fourth quarter worth about $65,000. Institutional investors own 84.56% of the company's stock.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.