Acme United Co. (NYSEAMERICAN:ACU – Get Rating) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 10,200 shares, a decrease of 11.3% from the March 15th total of 11,500 shares. Based on an average daily volume of 7,100 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the company's shares are short sold.
Acme United Price Performance
Acme United stock traded up $1.08 during mid-day trading on Friday, reaching $25.99. 4,096 shares of the company traded hands, compared to its average volume of 6,643. The company has a quick ratio of 1.91, a current ratio of 4.77 and a debt-to-equity ratio of 0.77. Acme United has a fifty-two week low of $21.11 and a fifty-two week high of $34.24. The firm has a market capitalization of $92.00 million, a P/E ratio of 32.18 and a beta of 0.89. The company has a fifty day moving average price of $24.07.Get Acme United alerts:
Acme United (NYSEAMERICAN:ACU – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported ($0.17) earnings per share for the quarter. The business had revenue of $44.10 million during the quarter. Acme United had a return on equity of 3.85% and a net margin of 1.57%.
Acme United Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Friday, March 31st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, March 30th. Acme United's dividend payout ratio (DPR) is presently 71.80%.
Institutional Trading of Acme United
Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Acme United by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 32,331 shares of the company's stock valued at $708,000 after purchasing an additional 564 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Acme United by 0.7% in the third quarter. Vanguard Group Inc. now owns 124,350 shares of the company's stock worth $2,863,000 after buying an additional 844 shares in the last quarter. North Star Investment Management Corp. lifted its stake in shares of Acme United by 0.3% in the third quarter. North Star Investment Management Corp. now owns 400,076 shares of the company's stock worth $9,210,000 after buying an additional 1,022 shares in the last quarter. State Street Corp lifted its stake in shares of Acme United by 16.6% in the first quarter. State Street Corp now owns 8,195 shares of the company's stock worth $278,000 after buying an additional 1,165 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Acme United by 7.5% in the first 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 in the last quarter. 60.64% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Acme United in a research report on Friday, March 17th. They issued a "hold" rating for the company.
About Acme United
Acme United Corp. is engaged in the supply of cutting devices, measuring instruments, and safety products for school, home, office, hardware and industrial use. The firm offers its products under the brands Camillus, Clauss, Cuda, DMT Sharpeners, First Aid Only, Med-Nap, Pac-Kit, Physicianscare, Spill Magic, Westcott, Western, and First Aid Central.
- Get a free copy of the StockNews.com research report on Acme United (ACU)
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