Is Acme United Corporation (NYSEMKT:ACU) a Buy? The Stock Reported Less Sellers

June 20, 2017 - By Maria Brooks

 Is Acme United Corporation (NYSEMKT:ACU) a Buy? The Stock Reported Less Sellers

Investors sentiment increased to 1.25 in 2016 Q4. Its up 0.40, from 0.85 in 2016Q3. It increased, as 6 investors sold Acme United Corporation shares while 6 reduced holdings. 9 funds opened positions while 6 raised stakes. 1.73 million shares or 11.02% more from 1.55 million shares in 2016Q3 were reported.
California Employees Retirement System has 0% invested in Acme United Corporation (NYSEMKT:ACU). Vanguard Group reported 65,167 shares. Wells Fargo Mn, a California-based fund reported 1,405 shares. 24,289 are held by Moors Cabot Inc. Delphi Ma holds 0.31% or 20,632 shares in its portfolio. Bancorp Of Ny Mellon Corp reported 12,165 shares stake. Renaissance Technology Ltd Llc invested in 0% or 109,600 shares. Deutsche Comml Bank Ag holds 0% of its portfolio in Acme United Corporation (NYSEMKT:ACU) for 2,101 shares. Granite Invest Prtnrs Limited Liability Corporation reported 76,459 shares. The Maryland-based Price T Rowe Inc Md has invested 0% in Acme United Corporation (NYSEMKT:ACU). Cap Mngmt Corporation Va invested in 136,898 shares or 1.17% of the stock. First Wilshire Mngmt Inc reported 0.78% in Acme United Corporation (NYSEMKT:ACU). First Manhattan holds 13,224 shares. Teton Advisors holds 127,200 shares or 0.33% of its portfolio. Morgan Stanley, New York-based fund reported 1,237 shares.

Since March 6, 2017, it had 0 insider purchases, and 7 selling transactions for $676,897 activity. The insider JOHNSEN WALTER C sold 2,257 shares worth $65,407.

The stock of Acme United Corporation (NYSEMKT:ACU) registered a decrease of 69.23% in short interest. ACU’s total short interest was 1,600 shares in June as published by FINRA. Its down 69.23% from 5,200 shares, reported previously. With 10,000 shares average volume, it will take short sellers 0 days to cover their ACU’s short positions. The short interest to Acme United Corporation’s float is 0.05%.

About shares traded. Acme United Corporation (NYSEMKT:ACU) has risen 52.96% since June 20, 2016 and is uptrending. It has outperformed by 36.26% the S&P500.

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 has market cap of $90.39 million. The Firm operates in three divisions: United States , Canada and Europe. It has a 16.51 P/E ratio. The Company’s activities in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

Acme United Corporation (NYSEMKT:ACU) Ratings Coverage

Among 2 analysts covering Acme United (NYSEMKT:ACU), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Acme United had 2 analyst reports since July 1, 2016 according to SRatingsIntel. The stock of Acme United Corporation (NYSEMKT:ACU) earned “Buy” rating by DA Davidson on Friday, July 1. The stock has “Buy” rating by Singular Research on Wednesday, August 10.

More recent Acme United Corporation (NYSEMKT:ACU) news were published by: Seekingalpha.com which released: “Acme United’s (ACU) CEO Walter Johnsen on Q1 2016 Results – Earnings Call …” on April 22, 2016. Also Seekingalpha.com published the news titled: “Acme United Still Looks Attractive” on May 09, 2017. Businesswire.com‘s news article titled: “Acme United Corporation Receives GOOD DESIGNâ„¢ Award” with publication date: January 10, 2017 was also an interesting one.

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