Acme United (ACU) Downgraded by Zacks Investment Research to Sell

Acme United (NYSEAMERICAN:ACU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “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. “

Separately, ValuEngine lowered Acme United from a “buy” rating to a “hold” rating in a research note on Friday, October 27th.

Shares of Acme United (NYSEAMERICAN:ACU) traded up $0.59 during trading on Wednesday, hitting $24.04. The stock had a trading volume of 1,507 shares, compared to its average volume of 5,641. The stock has a market capitalization of $79.12, a price-to-earnings ratio of 17.17 and a beta of 0.67. Acme United has a 1 year low of $20.20 and a 1 year high of $29.49.

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC purchased a new position in Acme United in the second quarter valued at about $815,000. Vanguard Group Inc. grew its stake in Acme United by 15.9% in the second quarter. Vanguard Group Inc. now owns 76,461 shares of the company’s stock valued at $2,187,000 after purchasing an additional 10,498 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Acme United by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 123,015 shares of the company’s stock valued at $3,518,000 after purchasing an additional 7,959 shares during the last quarter. North Star Investment Management Corp. grew its stake in Acme United by 1.7% in the fourth quarter. North Star Investment Management Corp. now owns 595,288 shares of the company’s stock valued at $13,930,000 after purchasing an additional 10,013 shares during the last quarter. Finally, QCI Asset Management Inc. NY purchased a new position in Acme United in the fourth quarter valued at about $234,000.

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About Acme United

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 operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

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