Acme United (NYSE:ACU) Stock Rating Lowered by StockNews.com

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

Acme United Price Performance

Shares of NYSE:ACU opened at $41.38 on Friday. The firm has a market cap of $155.34 million, a PE ratio of 8.46 and a beta of 0.63. Acme United has a 52 week low of $32.85 and a 52 week high of $50.00. 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 firm’s fifty day moving average is $38.78 and its 200-day moving average is $39.54.

Acme United (NYSE:ACU) last issued its quarterly earnings data 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 quarter in the previous year, the company earned $0.39 earnings per share.

Institutional Investors Weigh In On Acme United

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in Acme United in the 1st quarter worth approximately $35,000. Barclays PLC purchased a new position in Acme United during the third quarter valued at $163,000. Wilmington Savings Fund Society FSB bought a new position in shares of Acme United during the third quarter valued at approximately $196,000. Jane Street Group LLC bought a new position in shares of Acme United during the fourth quarter valued at $228,000. Finally, Northern Trust Corp lifted its position in Acme United by 11.2% in the 4th quarter. Northern Trust Corp now owns 6,846 shares of the company’s stock valued at $256,000 after acquiring an additional 691 shares in the last quarter. 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.