ACCO Rises On Unusually High Volume (ABD)

NEW YORK ( TheStreet) -- ACCO Brands (NYSE: ABD) is trading at unusually high volume Wednesday with 3.2 million shares changing hands. It is currently at 4.3 times its average daily volume and trading up 24 cents (+2.2%) at $11.24 as of 1:40 p.m. ET.

ACCO has a market cap of $585.8 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 14% year to date as of the close of trading on Tuesday.

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 33, above the average consumer non-durables industry P/E ratio of 10.8 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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