Acme United (NYSE:ACU) Lowered to "Hold" Rating by StockNews.com

Acme United (NYSE:ACU - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Tuesday.

Acme United Price Performance

Shares of Acme United stock traded up $0.85 on Tuesday, hitting $40.85. 7,769 shares of the company traded hands, compared to its average volume of 15,854. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. The business has a 50-day simple moving average of $36.93 and a 200 day simple moving average of $40.11. Acme United has a 52 week low of $32.85 and a 52 week high of $50.00. The stock has a market capitalization of $152.82 million, a P/E ratio of 8.35 and a beta of 0.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its position in Acme United by 13.5% during the third quarter. HighTower Advisors LLC now owns 8,832 shares of the company's stock valued at $364,000 after purchasing an additional 1,048 shares during the period. Barclays PLC purchased a new stake in Acme United during the 3rd quarter valued at $163,000. Capital Management Corp VA lifted its position in Acme United by 2.9% in the fourth quarter. Capital Management Corp VA now owns 569,849 shares of the company's stock worth $21,272,000 after buying an additional 16,011 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Acme United during the third quarter worth $196,000. Finally, Diamond Hill Capital Management Inc. increased its position in Acme United by 37.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 11,400 shares of the company's stock valued at $475,000 after acquiring an additional 3,100 shares during the last quarter. Institutional investors own 62.10% of the company's stock.

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Acme United Company Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.