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ACCO Brands Corporation (ACCO): Skating on Thin Ice? We Know the Answer

ACCO Brands Corporation (NYSE:ACCO) went up by 0.74% from its latest closing price compared to the recent 1-year high of $9.00. The company’s stock price has collected 3.98% of gains in the last five trading sessions.

Is It Worth Investing in ACCO Brands Corporation (NYSE :ACCO) Right Now?

ACCO Brands Corporation (NYSE:ACCO) scored a price-to-earnings ratio above its average ratio, recording 27.54 x from its present earnings ratio. Plus, the 36-month beta value for ACCO is at 1.77.

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ACCO currently public float of 91.30M and currently shorts hold a 2.14% ratio of that float. Today, the average trading volume of ACCO was 755.76K shares.

ACCO’s Market Performance

ACCO stocks went up by 3.98% for the week, with a monthly jump of 22.32% and a quarterly performance of -16.08%, while its annual performance rate touched -37.16%. The volatility ratio for the week stands at 2.68% while the volatility levels for the past 30 days are set at 4.17% for ACCO Brands Corporation. The simple moving average for the period of the last 20 days is 8.50% for ACCO stocks with a simple moving average of -18.74% for the last 200 days.

Analysts’ Opinion of ACCO

Many brokerage firms have already submitted their reports for ACCO stocks, with KeyBanc Capital Markets repeating the rating for ACCO by listing it as a “Overweight.” The predicted price for ACCO in the upcoming period, according to KeyBanc Capital Markets is $12 based on the research report published on November 12th of the previous year 2020.

Barrington Research, on the other hand, stated in their research note that they expect to see ACCO reach a price target of $11, previously predicting the price at $13. The rating they have provided for ACCO stocks is “Outperform” according to the report published on February 14th, 2019.

BWS Financial gave a rating of “Buy” to ACCO, setting the target price at $18 in the report published on January 25th of the previous year.

ACCO Trading at 9.47% from the 50-Day Moving Average

After a stumble in the market that brought ACCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.11% of loss for the given period.

Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +19.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.05% upper at present.

During the last 5 trading sessions, ACCO rose by +3.98%, which changed the moving average for the period of 200-days by -32.43% in comparison to the 20-day moving average, which settled at $5.10. In addition, ACCO Brands Corporation saw -33.66% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ACCO starting from Bernstein Roxanne M, who purchase 10,000 shares at the price of $5.64 back on Nov 11. After this action, Bernstein Roxanne M now owns 20,000 shares of ACCO Brands Corporation, valued at $56,399 using the latest closing price.

Elisman Boris, the Chairman of the Board and CEO of ACCO Brands Corporation, purchase 10,000 shares at $5.17 during a trade that took place back on Nov 09, which means that Elisman Boris is holding 1,241,530 shares at $51,700 based on the most recent closing price.

Stock Fundamentals for ACCO

Equity return is now at value 2.50, with 0.70 for asset returns.