Acme United (NYSEAMERICAN:ACU) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Acme United (NYSEAMERICAN:ACUGet Rating) in a research note published on Thursday morning. The firm issued a hold rating on the stock.

NYSEAMERICAN:ACU opened at $32.71 on Thursday. The company has a quick ratio of 2.29, a current ratio of 4.84 and a debt-to-equity ratio of 0.56. The company has a 50 day simple moving average of $32.93. The company has a market capitalization of $115.17 million, a price-to-earnings ratio of 9.68 and a beta of 1.08. Acme United has a 12-month low of $29.82 and a 12-month high of $46.19.

Acme United (NYSEAMERICAN:ACUGet Rating) last released its quarterly earnings data on Friday, April 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.43). The business had revenue of $43.33 million during the quarter. Acme United had a net margin of 7.54% and a return on equity of 19.21%.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 22nd. Shareholders of record on Friday, April 1st were paid a $0.13 dividend. The ex-dividend date was Thursday, March 31st. This represents a $0.52 annualized dividend and a yield of 1.59%. Acme United’s dividend payout ratio is 15.38%.

A number of large investors have recently added to or reduced their stakes in ACU. Morgan Stanley grew its position in shares of Acme United by 183.6% in the second quarter. Morgan Stanley now owns 709 shares of the company’s stock valued at $32,000 after purchasing an additional 459 shares during the last quarter. UBS Group AG acquired a new position in shares of Acme United in the third quarter valued at approximately $31,000. Advisor Group Holdings Inc. grew its position in shares of Acme United by 64.4% in the third quarter. Advisor Group Holdings Inc. now owns 2,785 shares of the company’s stock valued at $91,000 after purchasing an additional 1,091 shares during the last quarter. BlackRock Inc. grew its position in shares of Acme United by 443.2% in the third quarter. BlackRock Inc. now owns 6,545 shares of the company’s stock valued at $214,000 after purchasing an additional 5,340 shares during the last quarter. Finally, State Street Corp grew its position 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 valued at $278,000 after purchasing an additional 1,165 shares during the last quarter. Hedge funds and other institutional investors own 59.98% of the company’s stock.

About Acme United (Get Rating)

Acme United Corporation supplies first aid and safety, cutting, sharpening, and measuring 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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