Acme United (ACU) Downgraded by Zacks Investment Research to Sell
Acme United (NYSEAMERICAN:ACU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
According to Zacks, “ACME UNITED CORP. operates principally in two business segments. Operations in the medical segment involve the production and sale of metal disposable medical scissors and instruments, sterile procedure trays, germicidal products, dressings and wound care packs. Operations in the consumer segment involve the production and sale of shears, scissors, knives, rulers, first aid kits and chalk board items for school, office and home use. “
Separately, ValuEngine lowered shares of Acme United from a “buy” rating to a “hold” rating in a research report on Friday, October 27th.
A number of institutional investors have recently added to or reduced their stakes in ACU. Capital Management Corp VA increased its holdings in Acme United by 118.0% in the 4th quarter. Capital Management Corp VA now owns 150,777 shares of the company’s stock worth $3,528,000 after acquiring an additional 81,610 shares in the last quarter. FMR LLC purchased a new stake in Acme United in the 2nd quarter worth approximately $815,000. Mork Capital Management LLC increased its holdings in Acme United by 50.0% in the 4th quarter. Mork Capital Management LLC now owns 60,000 shares of the company’s stock worth $1,404,000 after acquiring an additional 20,000 shares in the last quarter. Royce & Associates LP increased its holdings in Acme United by 8.9% in the 4th quarter. Royce & Associates LP now owns 141,363 shares of the company’s stock worth $3,308,000 after acquiring an additional 11,498 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Acme United by 15.9% in the 2nd quarter. Vanguard Group Inc. now owns 76,461 shares of the company’s stock worth $2,187,000 after acquiring an additional 10,498 shares in the last quarter.
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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.
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