Acme United (AMEX:ACU) reported its Q1 earnings results on Friday, April 22, 2022 at 09:00 AM.
Here's what investors need to know about the announcement.
Understanding Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
What are Value Stocks?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Acme United (AMEX:ACU) reported quarterly earnings of $0.50 per share which missed the analyst consensus estimate of $0.57 by 12.28 percent. This is a 8.7 percent increase over earnings of $0.46 per share from the same
Gainers
Welbilt, Inc. (NYSE: WBT) shares surged 44.5% to close at $22.58 on Wednesday after The Middleby Corporation announced plans to acquire the company.
Toward the end of trading Wednesday, the Dow traded up 0.75% to 34,073.66 while the NASDAQ rose 0.70% to 13,882.45. The S&P also rose, gaining 0.64% to 4,161.25.