North Star Investment Management Corp. Lowers stake in Acme United Corporation (ACU)

Acme United Corporation (ACU) : North Star Investment Management Corp. reduced its stake in Acme United Corporation by 1.29% during the most recent quarter end. The investment management company now holds a total of 478,662 shares of Acme United Corporation which is valued at $9,525,374 after selling 6,257 shares in Acme United Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Acme United Corporation makes up approximately 1.72% of North Star Investment Management Corp.’s portfolio.

Acme United Corporation closed down -0.09 points or -0.45% at $19.9 with 2,428 shares getting traded on Tuesday. Post opening the session at $19.86, the shares hit an intraday low of $19.86 and an intraday high of $19.9241 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Many Wall Street Analysts have commented on Acme United Corporation. Company shares were Reiterated by Singular Research on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 24.50 from a previous price target of $21 .

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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