ACU Stock Summary and Trading Ideas (Acme United Corporation. | AMEX:ACU)

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 15, 2024, ACU stock price climbed to $43.64 with 36,658 million shares trading.

ACU has a beta of 0.62, meaning it tends to be less sensitive to market movements. ACU has a correlation of 0.02 to the broad based SPY ETF.

ACU has a market cap of $159.08 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 +72.4%, while the SPY ETF gained +23.9%. However, in the most recent history, ACU shares have underperformed the stock market with its stock returning +1.7% in the last 3 month period and -7.1% for the last 2 week period, while SPY has returned +6.2% and -3.4%, respectively.

ACU support price is $41.10 and resistance is $43.90 (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.