Acco Brands (NYSE:ACCO) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Acco Brands Corporation (NYSE:ACCO) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.78 and traded as high as $3.89. Acco Brands shares last traded at $3.84, with a volume of 716,403 shares traded.

Wall Street Analyst Weigh In

ACCO has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Acco Brands in a research report on Wednesday, October 8th. Wall Street Zen lowered Acco Brands from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Acco Brands currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Acco Brands Stock Up 1.6%

The firm’s 50-day moving average is $3.66 and its two-hundred day moving average is $3.78. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.96 and a current ratio of 1.68. The stock has a market cap of $346.14 million, a P/E ratio of 9.14, a PEG ratio of 0.45 and a beta of 1.12.

Acco Brands (NYSE:ACCO) last announced its quarterly earnings data on Friday, March 15th. The industrial products company reported $0.32 EPS for the quarter. The firm had revenue of $499.40 million for the quarter. Acco Brands had a return on equity of 12.96% and a net margin of 2.63%. On average, equities research analysts anticipate that Acco Brands Corporation will post 1.02 earnings per share for the current year.

Acco Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 21st were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Friday, November 21st. Acco Brands’s payout ratio is currently 71.43%.

Institutional Investors Weigh In On Acco Brands

Several institutional investors have recently modified their holdings of the business. Ballentine Partners LLC bought a new stake in shares of Acco Brands during the second quarter worth approximately $40,000. Tower Research Capital LLC TRC grew its holdings in Acco Brands by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 6,436 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Acco Brands during the 3rd quarter valued at $42,000. Kapitalo Investimentos Ltda acquired a new position in shares of Acco Brands in the 2nd quarter valued at $55,000. Finally, Brighton Jones LLC bought a new position in shares of Acco Brands in the 3rd quarter worth $74,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

Acco Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.