Acme United Corporation. (NASDAQ:ACU) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Acme United Corporation. (NASDAQ:ACU) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus target price of $24.00 for the company and are expecting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also given Acme United an industry rank of 182 out of 256 based on the ratings given to related companies.

Shares of Acme United stock traded up $0.17 on Monday, hitting $20.62. 15,000 shares of the company’s stock traded hands, compared to its average volume of 14,454. Acme United has a one year low of $13.50 and a one year high of $22.87. The company has a fifty day moving average of $20.74 and a two-hundred day moving average of $19.35.

Acme United (NASDAQ:ACU) last announced its quarterly earnings results on Friday, July 19th. The company reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $40.22 million during the quarter, compared to analysts’ expectations of $40.90 million.

Acme United Company Profile

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, and math tools under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

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