Acme United (NYSE:ACU) Rating Lowered to “Hold” at StockNews.com

Acme United (NYSE:ACU) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Acme United Trading Down 1.7 %

Shares of ACU stock opened at $36.69 on Tuesday. The stock’s fifty day moving average price is $36.92 and its two-hundred day moving average price is $40.17. The company has a market cap of $137.26 million, a PE ratio of 7.50 and a beta of 0.70. Acme United has a fifty-two week low of $32.85 and a fifty-two week high of $50.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ACU. Diamond Hill Capital Management Inc. lifted its stake in shares of Acme United by 37.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,400 shares of the company’s stock valued at $475,000 after acquiring an additional 3,100 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of 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 acquiring an additional 1,048 shares during the last quarter. Barclays PLC bought a new position in shares of Acme United in the 3rd quarter valued at $163,000. Wilmington Savings Fund Society FSB bought a new position in shares of Acme United in the 3rd quarter valued at $196,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Acme United by 59.7% in the 4th quarter. Bank of New York Mellon Corp now owns 28,165 shares of the company’s stock valued at $1,051,000 after acquiring an additional 10,531 shares during the last quarter. 62.10% of the stock is currently 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.