Acme United Corp. PT Raised to $19.00 at Singular Research (ACU)
Singular Research increased their price target on shares of Acme United Corp. (NYSE:ACU) from $17.00 to $19.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Singular Research’s price objective points to a potential upside of 11.44% from the company’s current price.
Acme United Corp. (NYSE:ACU) traded down 0.70% during mid-day trading on Friday, hitting $16.93. 268 shares of the company’s stock traded hands. Acme United Corp. has a 52 week low of $10.62 and a 52 week high of $19.47. The stock’s 50-day moving average is $16.6 and its 200-day moving average is $15.91. The company has a market cap of $54.4 million and a price-to-earnings ratio of 14.02.
Acme United Corp. (NYSE:ACU) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $19.20 million for the quarter, compared to the consensus estimate of $19.06 million. Analysts expect that Acme United Corp. will post $1.35 EPS for the current fiscal year.
In other Acme United Corp. news, CFO Paul G. Driscoll unloaded 3,000 shares of Acme United Corp. stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $16.75, for a total value of $50,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Acme United Corporation is a worldwide supplier of cutting, measuring and safety products to the school, home, office, hardware and industrial markets.
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