StockNews.com downgraded shares of Acme United (NYSEAMERICAN:ACU – Get Rating) from a buy rating to a hold rating in a report issued on Monday morning.
Acme United Stock Up 2.0 %
Acme United stock opened at $23.45 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.56 and a quick ratio of 1.59. Acme United has a 52 week low of $21.11 and a 52 week high of $38.68. The firm has a market capitalization of $82.66 million, a P/E ratio of 15.13 and a beta of 0.93. The business's 50-day moving average price is $28.67.
Get Acme United alerts:Acme United (NYSEAMERICAN:ACU – Get Rating) last released its earnings results on Friday, July 22nd. The company reported $0.71 EPS for the quarter. Acme United had a return on equity of 10.22% and a net margin of 4.10%. The firm had revenue of $56.77 million during the quarter.
Acme United Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, October 24th. Shareholders of record on Monday, October 3rd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Friday, September 30th. Acme United's payout ratio is presently 36.13%.Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. acquired a new position in Acme United in the second quarter valued at approximately $205,000. State Street Corp lifted its holdings in Acme United by 16.6% in the first quarter. State Street Corp now owns 8,195 shares of the company's stock valued at $278,000 after acquiring an additional 1,165 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in Acme United by 17.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 9,041 shares of the company's stock valued at $305,000 after acquiring an additional 1,350 shares during the period. Acadian Asset Management LLC raised its stake in shares of Acme United by 7.5% during the 1st quarter. Acadian Asset Management LLC now owns 19,874 shares of the company's stock worth $669,000 after buying an additional 1,381 shares during the period. Finally, Bard Associates Inc. raised its stake in shares of Acme United by 2.8% during the 2nd quarter. Bard Associates Inc. now owns 128,153 shares of the company's stock worth $4,059,000 after buying an additional 3,500 shares during the period. 61.15% of the stock is owned by institutional investors and hedge funds.
About Acme United
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Acme United Corporation supplies first aid and safety, cutting, sharpening, and measuring 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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