Acme United Corp (NYSEAMERICAN: ACU) has reported earnings for its fourth fiscal quarter (ending December 31) of $3.10 versus a loss $-0.17 for the same period a year ago. For the latest four quarters through December 31, E.P.S. were $4.98 compared to $0.86 a year ago.
Recent Price Action
On 3/1/24, Acme United Corp (NYSEAMERICAN: ACU) stock suffered a large decline of -7.0%, closing at $44.16. Moreover, exceptionally high trading volume at 233% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, ACU is expected to be a modest Value Eraser.
Acme United has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Acme United has a very low Appreciation Score of 12 but a very high Power Rating of 98, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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