Acme United (NYSE:ACU) Cut to Hold at StockNews.com

Acme United (NYSE:ACU) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Acme United Stock Performance

NYSE:ACU opened at $41.38 on Friday. The stock has a 50-day moving average price of $38.78 and a 200 day moving average price of $39.54. The company has a current ratio of 4.41, a quick ratio of 1.91 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 $155.34 million, a P/E ratio of 8.46 and a beta of 0.63.

Acme United (NYSE:ACU) last released its earnings results on Thursday, April 17th. The company reported $0.41 EPS for the quarter. Acme United had a net margin of 10.25% and a return on equity of 9.70%. During the same period in the prior year, the firm earned $0.39 EPS.

Institutional Trading of Acme United

A number of large investors have recently added to or reduced their stakes in ACU. Bank of New York Mellon Corp lifted its position in Acme United by 59.7% during 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 purchasing an additional 10,531 shares during the last quarter. Royce & Associates LP increased its stake 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 last quarter. Capital Management Corp VA boosted its holdings in shares of Acme United by 2.9% in 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. HighTower Advisors LLC increased its position in shares of Acme United by 13.5% during the 3rd 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 last quarter. Finally, Barclays PLC purchased a new stake in Acme United during the 3rd quarter valued at $163,000. Institutional investors own 62.10% of the company’s stock.

About Acme United

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.