Acme United (NYSE:ACU) Raised to "Buy" at StockNews.com

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 research note issued to investors on Saturday.

Acme United Trading Down 1.7 %

Shares of NYSE ACU traded down $0.69 during midday trading on Friday, reaching $39.48. 4,186 shares of the stock were exchanged, compared to its average volume of 7,600. Acme United has a twelve month low of $32.85 and a twelve month high of $50.00. The stock has a market capitalization of $148.21 million, a P/E ratio of 8.07 and a beta of 0.70. The company has a 50 day simple moving average of $37.93 and a 200 day simple moving average of $39.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41.

Institutional Investors Weigh In On Acme United

A number of institutional investors have recently modified their holdings of ACU. Barclays PLC boosted its holdings in Acme United by 13.7% during the 4th quarter. Barclays PLC now owns 4,442 shares of the company's stock valued at $165,000 after acquiring an additional 536 shares during the period. Aristides Capital LLC grew its holdings in shares of Acme United by 4.0% in the fourth quarter. Aristides Capital LLC now owns 17,567 shares of the company's stock valued at $656,000 after purchasing an additional 670 shares in the last quarter. Northern Trust Corp increased its stake in Acme United by 11.2% during the 4th quarter. Northern Trust Corp now owns 6,846 shares of the company's stock worth $256,000 after buying an additional 691 shares during the period. Marshall Wace LLP boosted its position in Acme United by 6.1% in the 4th quarter. Marshall Wace LLP now owns 17,288 shares of the company's stock valued at $645,000 after buying an additional 996 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Acme United by 13.5% in the third quarter. HighTower Advisors LLC now owns 8,832 shares of the company's stock worth $364,000 after acquiring an additional 1,048 shares in the last quarter. 62.10% of the stock is owned by institutional investors and hedge funds.

Remove Ads

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.