November 17, 2016 - By Adrian Mccoy · 0 Comments
Acme United Corp (NYSEMKT:ACU) institutional sentiment decreased to 1.25 in 2016 Q2. Its down -2.00, from 3.25 in 2016Q1. The ratio is negative, as 10 investment professionals increased and started new stock positions, while 8 sold and decreased stakes in Acme United Corp. The investment professionals in our partner’s database reported: 1.49 million shares, down from 3.07 million shares in 2016Q1. Also, the number of investment professionals holding Acme United Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 2 Reduced: 6 Increased: 9 New Position: 1.
Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The company has a market cap of $72.45 million. The Firm operates in three divisions: United States , Canada and Europe. It has a 13.6 P/E ratio. The Company’s activities in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.
The stock increased 0.42% or $0.09 on November 16, hitting $21.7. Acme United Corporation (NYSEMKT:ACU) has risen 33.13% since April 15, 2016 and is uptrending. It has outperformed by 28.50% the S&P500.
According to Zacks Investment Research, “ACME UNITED CORP. operates principally in two business segments. Operations in the medical segment involve the production and sale of metal disposable medical scissors and instruments, sterile procedure trays, germicidal products, dressings and wound care packs. Operations in the consumer segment involve the production and sale of shears, scissors, knives, rulers, first aid kits and chalk board items for school, office and home use.”
North Star Investment Management Corp. holds 1.63% of its portfolio in Acme United Corporation for 484,919 shares. Bard Associates Inc owns 155,138 shares or 1.5% of their US portfolio. Moreover, Capital Management Corp Va has 1.08% invested in the company for 152,717 shares. The California-based First Wilshire Securities Management Inc has invested 0.65% in the stock. Teton Advisors Inc., a New York-based fund reported 127,200 shares.#img1#
Ratings analysis reveals 100% of Acme United’s analysts are positive. Out of 2 Wall Street analysts rating Acme United, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. ACU was included in 2 notes of analysts from July 1, 2016. The firm earned “Buy” rating on Friday, July 1 by DA Davidson. The stock of Acme United Corporation (NYSEMKT:ACU) has “Buy” rating given on Wednesday, August 10 by Singular Research.
Acme United Corporation, incorporated on September 29, 1882, is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Firm operates in three divisions: United States (including Asian operations), Canada and Europe. The Company’s activities in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities. The Company’s product offerings across various divisions are sold to wholesale, contract and retail stationery distributors, office supply super stores, mass market retailers, industrial distributors, school supply distributors, drug store retailers, sporting goods stores, hardware chains and wholesale florists. The Company’s activities in Asia consist of sourcing, product development, production planning, quality control and sales activities. The Company’s subsidiaries include Acme United Limited, Acme United Europe GmbH, Acme United (Asia Pacific) Limited, Acme United China Limited and Acme United Netherlands Cooperatie U.A.
More notable recent Acme United Corporation (NYSEMKT:ACU) news were published by: Businesswire.com which released: “Acme United Corporation Third Quarter 2016 Earnings Conference Call” on October 14, 2016, also Nasdaq.com with their article: “Acme United Corporation. (ACU) Ex-Dividend Date Scheduled for September 29, 2016” published on September 28, 2016, Businesswire.com published: “Acme United Corporation Acquires Assets of Diamond Machining Technology” on February 01, 2016. More interesting news about Acme United Corporation (NYSEMKT:ACU) were released by: Seekingalpha.com and their article: “Sticking With Acme United” published on November 01, 2016 as well as Businesswire.com‘s news article titled: “Acme United Corporation Reports 15% Sales Increase and 31% Increase in Net …” with publication date: February 26, 2015.
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By Adrian Mccoy