Acme United Corporation. (NASDAQ:ACU) Given $24.00 Consensus Price Target by Analysts

Shares of Acme United Corporation. (NASDAQ:ACU) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus target price of $24.00 for the company and are forecasting that the company will post $0.77 EPS for the current quarter, according to Zacks. Zacks has also assigned Acme United an industry rank of 156 out of 256 based on the ratings given to related companies.

Acme United stock traded down $0.13 during midday trading on Friday, reaching $21.66. The company’s stock had a trading volume of 4,976 shares, compared to its average volume of 14,901. Acme United has a fifty-two week low of $13.50 and a fifty-two week high of $23.00. The stock’s 50-day moving average is $21.06.

Acme United (NASDAQ:ACU) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.06. The business had revenue of $31.37 million during the quarter, compared to analyst estimates of $31.40 million.

About Acme United

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. It offers scissors, shears, rulers, pencil sharpeners, paper trimmers, lettering products, and math tools under the Westcott brand name; and cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

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