Acme United (NYSE:ACU) Lowered to "Hold" Rating by StockNews.com

Acme United (NYSE:ACU - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.

Acme United Stock Performance

NYSE ACU traded up $1.96 on Friday, hitting $42.85. The stock had a trading volume of 22,701 shares, compared to its average volume of 14,867. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. Acme United has a one year low of $32.85 and a one year high of $50.00. The company's 50-day moving average is $38.92 and its two-hundred day moving average is $39.53. The stock has a market cap of $160.86 million, a price-to-earnings ratio of 8.76 and a beta of 0.63.

Acme United (NYSE:ACU - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The company reported $0.41 earnings per share (EPS) for the quarter. 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 company posted $0.39 EPS.

Institutional Trading of Acme United

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new stake in Acme United in the 1st quarter worth approximately $35,000. Mink Brook Asset Management LLC acquired a new position in Acme United in the 4th quarter worth about $9,766,000. Millennium Management LLC bought a new stake in shares of Acme United in the 4th quarter valued at approximately $321,000. Citadel Advisors LLC increased its holdings in Acme United by 33.8% in the fourth quarter. Citadel Advisors LLC now owns 23,743 shares of the company's stock worth $886,000 after buying an additional 5,999 shares during the last quarter. Finally, 683 Capital Management LLC bought a new position in Acme United during the fourth quarter valued at approximately $310,000. 62.10% of the stock is 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.