New Age Beverages (NBEV) Analysts See $0.03 EPS; Acme United Has 0.85 Sentiment

April 19, 2018 - By Clifton Ray

Acme United Corporation (NYSEAMERICAN:ACU) Logo

Acme United Corp (ACU) investors sentiment decreased to 0.85 in Q4 2017. It’s down -0.23, from 1.08 in 2017Q3. The ratio has dropped, as 11 funds opened new or increased equity positions, while 13 decreased and sold their positions in Acme United Corp. The funds in our database now have: 1.91 million shares, up from 1.85 million shares in 2017Q3. Also, the number of funds holding Acme United Corp in top ten equity positions increased from 1 to 2 for an increase of 1. Sold All: 4 Reduced: 9 Increased: 4 New Position: 7.

Analysts expect New Age Beverages Corporation (NASDAQ:NBEV) to report $0.03 EPS on May, 15.They anticipate $0.06 EPS change or 200.00% from last quarter’s $-0.03 EPS. NBEV’s profit would be $1.12 million giving it 14.58 P/E if the $0.03 EPS is correct. The stock decreased 8.38% or $0.16 during the last trading session, reaching $1.75. About 936,606 shares traded or 76.22% up from the average. New Age Beverages Corporation (NASDAQ:NBEV) has declined 38.86% since April 19, 2017 and is downtrending. It has underperformed by 50.41% the S&P500.

New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company has market cap of $65.55 million. It offers ready to drink tea, kombucha, energy drinks, and functional waters under XingTea, XingEnergy, Aspen Pure, and Bucha Live Kombucha brand names. It currently has negative earnings. The firm offers its products directly, as well as through store delivery distribution systems in the United States and internationally.

The stock decreased 2.08% or $0.46 during the last trading session, reaching $21.63. About 2,060 shares traded. Acme United Corporation (ACU) has declined 23.88% since April 19, 2017 and is downtrending. It has underperformed by 35.43% the S&P500.

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. The company has market cap of $72.98 million. The firm offers scissors, rulers, pencil sharpeners, paper trimmers, lettering products, and math tools under the Westcott brand name. It has a 19.84 P/E ratio. It also provides cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

North Star Investment Management Corp. holds 1.69% of its portfolio in Acme United Corporation for 595,288 shares. Bard Associates Inc owns 143,918 shares or 1.62% of their US portfolio. Moreover, Capital Management Corp Va has 0.96% invested in the company for 150,777 shares. The California-based First Wilshire Securities Management Inc has invested 0.65% in the stock. Zpr Investment Management, a Florida-based fund reported 13,416 shares.

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