Acme United GAAP EPS of $0.39, revenue of $45M
Seeking Alpha News (Fri, 19-Apr 9:10 AM ET)
Acme United Reports 39% Increase in Earnings Per Share for First Quarter of 2024
Globe Newswire (Fri, 19-Apr 9:00 AM ET)
Acme United to Release First Quarter 2024 Financial Results on April 19, 2024
Globe Newswire (Fri, 12-Apr 11:34 AM ET)
Acme United Corporation Board Approves Cash Dividend
Globe Newswire (Fri, 15-Mar 10:49 AM ET)
Acme United Reports Strong Fourth Quarter and Full Year 2023 Earnings
Globe Newswire (Fri, 1-Mar 9:00 AM ET)
Acme United to Release Fourth Quarter 2023 Financial Results on March 1, 2024
Globe Newswire (Fri, 23-Feb 9:00 AM ET)
Acme United Corp is a supplier of first aid and medical products and cutting technology to the school, home, office, hardware, sporting goods, and industrial markets. Its principal products sold across all segments are first aid kits and medical products, scissors, shears, knives, rulers, pencil sharpeners, and sharpening tools. The Company sells its products to mass market and e-commerce retailers, industrial distributors, wholesale, contract, and retail stationery distributors, office supply superstores, sporting goods stores, and hardware chains. The Company's reportable business segments consist of the United States, Canada, and Europe, out of which the majority of the company's revenue is derived from the United States.
Acme United Corporation. trades on the AMEX stock market under the symbol ACU.
As of April 19, 2024, ACU stock price declined to $38.58 with 24,157 million shares trading.
ACU has a beta of 0.80, meaning it tends to be less sensitive to market movements. ACU has a correlation of 0.03 to the broad based SPY ETF.
ACU has a market cap of $140.63 million. This is considered a Micro Cap stock.
Last quarter Acme United Corporation. reported $42 million in Revenue and $.40 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.15.
In the last 3 years, ACU stock traded as high as $50.99 and as low as $21.11.
The top ETF exchange traded funds that ACU belongs to (by Net Assets): VTI, VXF, AVUV, DES, DFAT.
ACU has outperformed the market in the last year with a return of +54.5%, while the SPY ETF gained +21.2%. However, in the most recent history, ACU shares have underperformed the stock market with its stock returning -20.6% in the last 3 month period and -16.8% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.
ACU support price is $41.66 and resistance is $44.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACU stock will trade within this expected range on the day.