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

Acme United (NYSE:ACU - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Monday.

Separately, TheStreet upgraded Acme United from a "c+" rating to a "b" rating in a report on Wednesday, February 14th.

Acme United Stock Performance

Shares of Acme United stock traded down $0.61 during trading on Monday, hitting $46.38. 41,325 shares of the company's stock traded hands, compared to its average volume of 24,646. Acme United has a 1 year low of $22.53 and a 1 year high of $50.99. The business has a 50-day simple moving average of $45.64 and a 200-day simple moving average of $39.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.54 and a quick ratio of 1.41. The stock has a market capitalization of $169.29 million, a P/E ratio of 9.89 and a beta of 0.74.

Acme United (NYSE:ACU - Get Free Report) last issued its earnings results on Friday, March 1st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.15). The business had revenue of $41.94 million for the quarter. Acme United had a net margin of 9.29% and a return on equity of 9.38%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ACU. Dimensional Fund Advisors LP grew its stake in Acme United by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 183,629 shares of the company's stock worth $7,871,000 after buying an additional 1,155 shares during the last quarter. Vanguard Group Inc. grew its stake in Acme United by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 132,342 shares of the company's stock worth $3,956,000 after buying an additional 6,058 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Acme United by 3.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 45,313 shares of the company's stock valued at $1,942,000 after purchasing an additional 1,581 shares during the last quarter. Royal Bank of Canada grew its stake in Acme United by 2.9% during the 4th quarter. Royal Bank of Canada now owns 35,068 shares of the company's stock valued at $1,503,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in Acme United by 80.2% during the 2nd quarter. Osaic Holdings Inc. now owns 32,490 shares of the company's stock valued at $810,000 after purchasing an additional 14,459 shares during the last quarter. 62.10% of the stock is owned by 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.

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