ACCO Reaches New 52-Week High (ABD)

NEW YORK ( TheStreet) -- ACCO Brands (NYSE: ABD) hit a new 52-week high Thursday as it is currently trading at $12.79, above its previous 52-week high of $12.50 with 29,575 shares traded as of 9:30 a.m. ET. Average volume has been 434,400 shares over the past 30 days.

ACCO has a market cap of $541.5 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 29.5% year to date as of the close of trading on Wednesday.

ACCO Brands Corporation engages in the design, manufacture, marketing, and distribution of office products primarily in the United States, Australia, the United Kingdom, and Canada. The company has a P/E ratio of 38.6, above the average consumer non-durables industry P/E ratio of 10.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ACCO as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full ACCO Ratings Report.

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