Shares of Acme United Corporation (AMEX:ACU) have taken a tremendous swing upward. The stock is trading at $11.02 as of 9:31 a.m. ET, 21.1% above Monday's closing price of $9.10. Volume is at 300, 0.1 times the daily average of 4,600.
NEW YORK ( TheStreet) -- Shares of Acme United Corporation (AMEX: ACU) have taken a tremendous swing upward. The stock is trading at $11.02 as of 9:31 a.m. ET, 21.1% above Monday's closing price of $9.10. Volume is at 300, 0.1 times the daily average of 4,600. Acme United has a market cap of $29 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 4.4% year to date as of the close of trading on Monday. Acme United Corporation, together with its subsidiaries, develops and markets cutting, measuring, and safety products to the school, home, office, hardware, and industrial markets in the United States, Canada, Europe, and Asia. The company has a P/E ratio of 10.7, below the average consumer non-durables industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Acme United as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Acme United Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.