StockNews.com cut shares of Acme United (NYSE:ACU – Free Report) from a buy rating to a hold rating in a report released on Tuesday morning.
Acme United Stock Performance
Acme United stock opened at $37.00 on Tuesday. The firm’s fifty day moving average price is $36.92 and its 200-day moving average price is $40.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. The stock has a market cap of $138.42 million, a P/E ratio of 7.57 and a beta of 0.70. Acme United has a fifty-two week low of $32.85 and a fifty-two week high of $50.00.
Acme United Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Monday, January 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, January 6th. Acme United’s dividend payout ratio (DPR) is currently 24.69%.
Institutional Trading of Acme United
About Acme United
Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.
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