Stock Rating Upgrade
The Value Trend Rating for Acme United Corp (NYSEAMERICAN: ACU) rose significantly of late from C to A reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/8/24, Acme United Corp (NYSEAMERICAN: ACU) stock declined slightly by -0.4%, closing at $39.72. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -16.4% during the last week.
Current PriceTarget Research Rating
ACU is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Acme United has a current Value Trend Rating of A (Highest Rating). This VT Rating rose significantly in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock's attractiveness. Acme United has a neutral Appreciation Score of 52 but a very high Power Rating of 99, leading to the Highest Value Trend Rating.