Acme United Corp. (ACU) develops measuring, cutting and safety products and sells them in the United States, Europe, Canada and Asia. Acme sells to the home, school, office, industrial and hardware markets. Acme’s cutting products include several types of knives, garden cutting tools, medical cutting instruments, etc. The measuring products include rulers, tape measures, compasses, math kits, etc. Acme also markets safety equipment including first aid kits, emergency care kits, medical refills for OTC drugs and flu treatment kits.
The company had its best quarter of the last 4 quarters in June with net profits of $1,734,000. The company is currently selling for $9.40 with a 50-day simple moving average of $9.69 and a 50-day exponential moving average of $9.56. The stock is basically moving sideways. It does give a dividend of $0.07 per share which is 0.74 percent. I would recommend watching this stock and waiting until it starts to move upwards. Basically, I believe that the company is sound and fairly priced. When the stock starts to move upwards, that will be the time to buy. I believe that an upwards market shift will be enough to get the stock moving upwards.
The main managers are: Paul G. Driscoll; Brian S. Olschan; and Walter C. Johnsen.
Disclaimer: All material in this article is general information which is insufficient for an investment decision. All investment decisions should be based on a thorough analysis of the investment.