Acme United Corp (NYSEAMERICAN: ACU). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Marginal positive changes in Acme United Corp (NYSEAMERICAN: ACU) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ACU’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Acme United has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Acme United has a neutral Appreciation Score of 58 but a very high Power Rating of 94, and the Highest Value Trend Rating results.
Recent Price Action
On 5/21/24, Acme United Corp (NYSEAMERICAN: ACU) stock increased 1.1%, closing at $40.20. Moreover, exceptionally high trading volume at 204% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
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