It is trading at $12.65 which is just over the 50 day moving average of $12.04 and which is just a bit higher than the 200 day moving average of $11.96. The 50 day moving average was up by +5.08% and the 200 day average went up $0.69 or +5.73%. (NYSE:ACCO) shares saw light trading volume with 4,425 shares changing hands by the end of trading on Tuesday. Trading volume was down 99.32% under the stocks average daily volume.
Short traders are feeling a little more bearish on Acco Brands Corporation if you take a look at the change in short interest. The company had a rise in short interest of 2.24% between September 15, 2017 and September 29, 2017. Short shares grew 58,085 over that period. Days to cover increased from 5.0 to 6.0 and the percentage of shorted shares was 0.02% on September 29.
Acco Brands Corporation (NYSE:ACCO) has been the object of insider selling activity recently. Gregory J. Mccormack, Sr. Vice Pres, Global Products let go of $273,750 worth of shares at an average price of $10.95 on Thu the 17th. That brings the Sr. Vice Pres, Global Products’s holdings to $699,585 as recorded in a recent Form 4 SEC filing.
These funds have shifted positions in (ACCO). As of the end of the quarter Eqis Capital Management, Inc. had bought 5,945 shares growing its position 37.2%. The value of the investment in ACCO went from $186,000 to $261,000 a change of 40.3% quarter over quarter. As of quarter end Bank Of Montreal /can/ had disposed of a total of 290 shares trimming its holdings by 67.9%. The value of the investment in (ACCO) decreased from $5,000 to $2,000 a change of $3,000 since the last quarter.
As of the end of the quarter Bowling Portfolio Management LLC had disposed of 52,974 shares trimming its stake by 53.5%. The value of the investment in Acco Brands Corporation went from $1,154,000 to $549,000 decreasing 52.4% for the reporting period. As of quarter end Robeco Institutional Asset Management B.v. had sold a total of 228,564 shares trimming its position 47.4%. The value in dollars went from $5,618,000 to $3,018,000 decreasing 46.3% quarter to quarter.
The P/E ratio is 25.20 and market cap is 1.38B. In the latest earnings report the EPS was $0.50 and is estimated to be $1.10 for the current year with 108,843,000 shares outstanding. Next quarter’s EPS is forecasted at $0.41 with next year’s EPS anticipated to be $1.18.
ACCO Brands Corporation, launched on October 26, 1970, is involved in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Business’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones. The Company sells its products primarily to markets located in the United States, Northern Europe, Brazil, Canada, Australia and Mexico..