Revenue Update on Acme United Corporation(NYSEMKT:ACU)

Acme United Corporation(NYSEMKT:ACU) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $41.00M. Analysts estimated a revenue of $37.15M. Earnings per share were $0.91. Analysts had estimated an EPS of $0.78.

Acme United Corporation (ACU) shares turned negative on Thursdays trading session with the shares closing down -0.25 points or -1.17% at a volume of 2,520. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.45. The peak price level was also seen at $21.45 while the days lowest was $21.1. Finally the shares closed at $21.16. The 52-week high of the shares is $22.1899 while the 52-week low is $13.01. According to the latest information available, the market cap of the company is $70 M.

Several Insider Transactions has been reported to the SEC. On Apr 26, 2016, Paul G Driscoll (Vice President and CFO) sold 4,817 shares at $17.20 per share price.Also, On Mar 9, 2016, Brian S Olschan (Pres, Chief Operations Officer) sold 175 shares at $17.50 per share price.On Nov 17, 2015, Walter C Johnsen (director officer 10% owner (CEO and Chairman of t) sold 3,970 shares at $16.67 per share price, according to the Form-4 filing with the securities and exchange commission.

Acme United Corporation is a supplier of cutting measuring and first aid products to the school home office hardware sporting goods and industrial markets. The Company’s operations are in the United States Canada Europe and Asia. The Company operates in three segments: United States; Canada and Europe. The operations in the United States Canada and Europe are involved in product development marketing sales administrative and distribution activities. The products offered across all segments scissors shears knives rulers pencil sharpeners first aid kits and related products which are sold primarily to wholesale contract and retail stationery distributors mass market retailers industrial distributors school supply distributors drug store retailers sporting goods stores hardware chains and wholesale florists. The Company markets and sells six brands which include Westcott Clauss Camillus PhysiciansCare Pac-Kit and First Aid Only.

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