StockNews.com Upgrades Acme United (NYSE:ACU) to Buy

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

Acme United Price Performance

Shares of NYSE ACU opened at $37.87 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. Acme United has a fifty-two week low of $32.85 and a fifty-two week high of $50.00. The stock has a market cap of $142.16 million, a PE ratio of 7.74 and a beta of 0.64. The stock has a fifty day moving average of $39.36 and a 200-day moving average of $39.26.

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

Hedge Funds Weigh In On Acme United

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in shares of Acme United by 13.7% during the 4th quarter. Barclays PLC now owns 4,442 shares of the company’s stock valued at $165,000 after acquiring an additional 536 shares during the last quarter. Aristides Capital LLC lifted its position in Acme United by 4.0% during the fourth quarter. Aristides Capital LLC now owns 17,567 shares of the company’s stock valued at $656,000 after purchasing an additional 670 shares during the last quarter. Northern Trust Corp grew its stake in Acme United by 11.2% in the 4th quarter. Northern Trust Corp now owns 6,846 shares of the company’s stock worth $256,000 after buying an additional 691 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Acme United in the 1st quarter worth $35,000. Finally, Marshall Wace LLP raised its position in shares of Acme United by 6.1% during the 4th quarter. Marshall Wace LLP now owns 17,288 shares of the company’s stock valued at $645,000 after buying an additional 996 shares in the last quarter. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

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.