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

Acme United (NYSE:ACU) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Acme United Stock Down 1.9 %

NYSE:ACU opened at $40.17 on Friday. Acme United has a 52 week low of $32.85 and a 52 week high of $50.00. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $37.93 and its two-hundred day moving average is $39.82. The stock has a market capitalization of $150.80 million, a price-to-earnings ratio of 8.21 and a beta of 0.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in Acme United during the 3rd quarter worth about $163,000. Wilmington Savings Fund Society FSB acquired a new position in Acme United in the third quarter valued at approximately $196,000. Jane Street Group LLC purchased a new position in Acme United in the fourth quarter valued at approximately $228,000. Northern Trust Corp raised its holdings in Acme United by 11.2% during the fourth quarter. Northern Trust Corp now owns 6,846 shares of the company’s stock worth $256,000 after purchasing an additional 691 shares in the last quarter. Finally, 683 Capital Management LLC purchased a new stake in shares of Acme United during the 4th quarter worth approximately $310,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

About Acme United

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.