ACCO Brands Corp. Hits New 1-Year High at $7.43 (ACCO)
Shares of ACCO Brands Corp. (NASDAQ:ACCO) hit a new 52-week high on Tuesday , American Banking and Market News reports. The company traded as high as $7.43 and last traded at $7.43, with a volume of 662,188 shares. The stock had previously closed at $7.34.
The stock has a 50-day moving average of $6.5 and a 200-day moving average of $6.18. The company has a market cap of $840.5 million and a price-to-earnings ratio of 9.45.
ACCO Brands Corp. (NASDAQ:ACCO) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.02. The company had revenue of $427.70 million for the quarter, compared to the consensus estimate of $407.01 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that ACCO Brands Corp. will post $0.74 earnings per share for the current fiscal year.
ACCO Brands Corporation is one of the suppliers of branded school and office products. The Company sells its products through many channels that include the office products resale industry as well as through mass retail distribution and e-tailers.
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