Worth Watching Stock for Traders: Acme United Corporation (NYSE American: ACU)

Acme United Corporation (NYSE:ACU) stock identified change of 56.67% away from 52-week low price and recently located move of -8.04% off 52-week high price. It has market worth of $69.16M and dividend yield of 2.27%. ACU stock has been recorded 3.26% away from 50 day moving average and 15.83% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.34% off 20-day moving average.

June 19, 2019, The Board of Directors of Acme United Corporation (NYSE American: ACU) declared a cash dividend of 12 cents per share on its outstanding common stock.  The dividend is payable on July 23, 2019 to stockholders of record on the close of business on July 2, 2019.

ACME UNITED CORPORATION is a leading worldwide supplier of innovative safety solutions and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. Its leading brands include First Aid Only®,  PhysiciansCare®, Pac-Kit®, Spill Magic®, Westcott®, Clauss®, Camillus®, Cuda®, and DMT®. For more information, visit www.acmeunited.com.

Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, the following:  (i) changes in the Company’s plans, strategies, objectives, expectations and intentions,  which may be made at any time at the discretion of the Company; (ii) the impact of uncertainties in global economic conditions, including the impact on the Company’s suppliers and customers; (iii) changes in client needs and consumer spending habits; (iv) the impact of competition and technological changes on the Company; (v) the Company’s ability to manage its growth effectively, including its ability to successfully integrate any business it might acquire; (vi) currency fluctuations; (vii) increases in the cost of borrowings resulting from rising interest rates; (viii) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; and (ix) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

 The Consumer Goods sector company, Acme United Corporation noticed change of -1.72% to $21.15 along volume of 8819 shares in recent session compared to an average volume of 22.93K. The stock observed return of 2.82% in 5 days trading activity. The stock was at 2.03% over one month performance. ACU’s shares are at 25.52% for the quarter and driving a -5.58% return over the course of the past year and is now at 48.42% since this point in 2018.   The average volatility for the week at 3.41% and for month was at 5.34%. There are 3.27M shares outstanding and 2.94M shares are floated in market. Right now the stock beta is 1.23. 

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