Acme United (NYSE:ACU) Stock Rating Lowered by StockNews.com

Acme United (NYSE:ACU) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Acme United Trading Up 2.4 %

ACU opened at $37.90 on Tuesday. Acme United has a one year low of $32.85 and a one year high of $50.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The business has a 50 day simple moving average of $36.93 and a two-hundred day simple moving average of $40.11. The firm has a market capitalization of $141.78 million, a price-to-earnings ratio of 7.75 and a beta of 0.70.

Hedge Funds Weigh In On Acme United

Institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its position in Acme United by 13.5% in the 3rd quarter. HighTower Advisors LLC now owns 8,832 shares of the company’s stock valued at $364,000 after purchasing an additional 1,048 shares in the last quarter. Barclays PLC purchased a new position in Acme United in the 3rd quarter valued at approximately $163,000. Capital Management Corp VA lifted its holdings in shares of Acme United by 2.9% in the fourth quarter. Capital Management Corp VA now owns 569,849 shares of the company’s stock valued at $21,272,000 after purchasing an additional 16,011 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Acme United during the third quarter valued at $196,000. Finally, Diamond Hill Capital Management Inc. grew its stake in Acme United by 37.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,400 shares of the company’s stock worth $475,000 after acquiring an additional 3,100 shares during the period. Hedge funds and other institutional investors 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.