In yesterday’s Wall Street session, Acco Brands Corporation (NYSE:ACCO) shares traded at $5.81, down -0.85% from the previous session.
ACCO stock price is now 6.68% away from the 50-day moving average and 11.40% away from the 200-day moving average. The market capitalization of the company currently stands at $539.64M.
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On November 12, 2020, KeyBanc Capital Markets Upgraded its previous ‘Sector Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $12, while ‘Barrington Research’ rates the stock as ‘Outperform’
In other news, Schneider Pamela R, Sr VP, General Counsel & Sec sold 19,166 shares of the company’s stock on Aug 27 ’24. The stock was sold for $104,811 at an average price of $5.47. Upon completion of the transaction, the Sr VP, General Counsel & Sec now directly owns 243,899 shares in the company, valued at $1.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Officer Schneider Pamela R bought 19,166 shares of the business’s stock. A total of $104,455 was incurred on buying the stock at an average price of $5.45. A total of 4.00% of the company’s stock is owned by insiders.
During the past 12 months, Acco Brands Corporation has had a low of $4.36 and a high of $6.62. As of last week, the company has a debt-to-equity ratio of 1.63, a current ratio of 1.60, and a quick ratio of 0.94. The fifty day moving average price for ACCO is $5.4376 and a two-hundred day moving average price translates $5.2179 for the stock.
The latest earnings results from Acco Brands Corporation (NYSE: ACCO) was released for 2024-09-30. The net profit margin was -10.64% and return on equity was -24.99% for ACCO. The company reported revenue of $420.9 million for the quarter, compared to $448.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.05 percent. For the current quarter, analysts expect ACCO to generate $455.06M in revenue.
