Acme United Corporation (ACU) is Reiterated by Singular Research to Buy, Raises Price Target to $ 24.50

Acme United Corporation (ACU) was Reiterated by Singular Research to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 24.50 from a previous price target of $21 . Singular Research advised their investors in a research report released on Aug 10, 2016.

Many Wall Street Analysts have commented on Acme United Corporation. DA Davidson Initiated Acme United Corporation on Jul 1, 2016 to “Buy”, Price Target of the shares are set at $26.

Acme United Corporation opened for trading at $21.53 and hit $21.53 on the upside on Monday, eventually ending the session at $21.4213, with a gain of 0.66% or 0.1413 points. The heightened volatility saw the trading volume jump to 1,502 shares. Company has a market cap of $71 M.

In a different news, on Apr 26, 2016, Paul G Driscoll (Vice President and CFO) sold 4,817 shares at $17.20 per share price. According to the SEC, on Mar 9, 2016, Brian S Olschan (Pres, Chief Operations Officer) sold 175 shares at $17.50 per share price. On Jun 11, 2015, Richmond Y Jr Holden (director) sold 3,800 shares at $18.02 per share price, according to the Form-4 filing with the securities and exchange commission.

Acme United Corporation is a supplier of cutting measuring and first aid products to the school home office hardware sporting goods and industrial markets. The Company’s operations are in the United States Canada Europe and Asia. The Company operates in three segments: United States; Canada and Europe. The operations in the United States Canada and Europe are involved in product development marketing sales administrative and distribution activities. The products offered across all segments scissors shears knives rulers pencil sharpeners first aid kits and related products which are sold primarily to wholesale contract and retail stationery distributors mass market retailers industrial distributors school supply distributors drug store retailers sporting goods stores hardware chains and wholesale florists. The Company markets and sells six brands which include Westcott Clauss Camillus PhysiciansCare Pac-Kit and First Aid Only.

Acme United Corporation

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