Acme United Co. (NYSEMKT:ACU) Director Richmond Y. Holden, Jr. sold 450 shares of Acme United stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $27.58, for a total transaction of $12,411.00. Following the completion of the transaction, the director now directly owns 15,250 shares of the company’s stock, valued at $420,595. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Acme United Co. (NYSEMKT ACU) opened at 27.70 on Friday. The firm’s 50-day moving average is $27.86 and its 200-day moving average is $27.06. The firm has a market capitalization of $93.38 million, a price-to-earnings ratio of 18.34 and a beta of 0.53. Acme United Co. has a 1-year low of $19.29 and a 1-year high of $29.49.
Acme United (NYSEMKT:ACU) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by $0.25. Acme United had a return on equity of 23.79% and a net margin of 7.33%. The company had revenue of $38.85 million for the quarter, compared to the consensus estimate of $45.20 million. On average, equities analysts anticipate that Acme United Co. will post $1.75 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Richmond Y. Holden, Jr. Sells 450 Shares of Acme United Co. (ACU) Stock” was published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/08/19/acme-united-co-acu-director-richmond-y-holden-jr-sells-450-shares-updated-updated.html.
Large investors have recently modified their holdings of the company. Advisor Group Inc. bought a new stake in shares of Acme United during the second quarter worth approximately $447,000. FMR LLC bought a new stake in shares of Acme United during the second quarter worth approximately $815,000. Vanguard Group Inc. raised its stake in shares of Acme United by 15.9% in the second quarter. Vanguard Group Inc. now owns 76,461 shares of the company’s stock worth $2,187,000 after buying an additional 10,498 shares in the last quarter. Northern Trust Corp bought a new stake in shares of Acme United during the second quarter worth approximately $214,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Acme United during the second quarter worth approximately $423,000.
Separately, Zacks Investment Research raised shares of Acme United from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st.
Acme United Company Profile
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.
What are top analysts saying about Acme United Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Acme United Co. and related companies.