Acme United (NYSE:ACU) Stock Rating Upgraded by Singular Research

Acme United (NYSE:ACU) was upgraded by analysts at Singular Research from a “moderate buy” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Acme United Stock Down 1.4%

Shares of NYSE ACU opened at $36.84 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The company has a 50-day moving average price of $40.20 and a 200-day moving average price of $40.48. The stock has a market capitalization of $139.96 million, a P/E ratio of 7.53 and a beta of 0.79. Acme United has a 1 year low of $34.35 and a 1 year high of $45.42.

Acme United (NYSE:ACU) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. Acme United had a net margin of 10.25% and a return on equity of 9.70%. During the same period in the previous year, the business posted $0.54 EPS.

Institutional Trading of Acme United

Institutional investors have recently made changes to their positions in the company. Capital Management Corp VA lifted its position in shares of Acme United by 0.7% during the first quarter. Capital Management Corp VA now owns 574,071 shares of the company’s stock valued at $22,739,000 after purchasing an additional 4,222 shares in the last quarter. Mink Brook Asset Management LLC grew its position in Acme United by 18.3% in the 2nd quarter. Mink Brook Asset Management LLC now owns 378,942 shares of the company’s stock worth $15,707,000 after purchasing an additional 58,601 shares in the last quarter. Geode Capital Management LLC increased its stake in Acme United by 116.6% in the 2nd quarter. Geode Capital Management LLC now owns 75,267 shares of the company’s stock valued at $3,120,000 after buying an additional 40,524 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Acme United by 11.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 51,834 shares of the company’s stock worth $2,053,000 after buying an additional 5,347 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of Acme United by 121.7% during the 2nd quarter. AE Wealth Management LLC now owns 35,287 shares of the company’s stock worth $1,463,000 after buying an additional 19,370 shares in the last quarter. Institutional investors own 62.10% of the company’s stock.

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.