Acme United (NYSE:ACU - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Monday.
Acme United Stock Performance
Shares of NYSE:ACU traded down $0.52 during trading on Monday, hitting $37.31. The stock had a trading volume of 3,650 shares, compared to its average volume of 7,067. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. Acme United has a 12-month low of $32.85 and a 12-month high of $50.00. The stock has a market capitalization of $139.58 million, a price-to-earnings ratio of 7.63 and a beta of 0.70. The stock has a 50-day simple moving average of $36.91 and a two-hundred day simple moving average of $40.27.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. Capital Management Corp VA grew its position in Acme United by 2.9% during the 4th quarter. Capital Management Corp VA now owns 569,849 shares of the company's stock worth $21,272,000 after purchasing an additional 16,011 shares during the period. Mink Brook Asset Management LLC purchased a new stake in shares of Acme United in the fourth quarter worth about $9,766,000. Royce & Associates LP grew its holdings in Acme United by 25.0% during the fourth quarter. Royce & Associates LP now owns 169,664 shares of the company's stock worth $6,334,000 after acquiring an additional 33,952 shares during the period. Envestnet Asset Management Inc. raised its position in Acme United by 15.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 46,487 shares of the company's stock valued at $1,735,000 after acquiring an additional 6,127 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Acme United by 59.7% in the fourth quarter. Bank of New York Mellon Corp now owns 28,165 shares of the company's stock valued at $1,051,000 after acquiring an additional 10,531 shares during the period. Hedge funds and other institutional investors own 62.10% of the company's stock.
Acme United Company Profile
(
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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.
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