Analysts at StockNews.com initiated coverage on shares of L.S. Starrett (NYSE:SCX - Get Free Report) in a research note issued on Friday. The firm set a "buy" rating on the stock.
L.S. Starrett Stock Performance
SCX stock traded down $0.01 during midday trading on Friday, hitting $15.89. The company's stock had a trading volume of 92,633 shares, compared to its average volume of 129,171. The stock's 50-day moving average price is $13.10 and its 200 day moving average price is $11.58. The company has a quick ratio of 1.42, a current ratio of 3.11 and a debt-to-equity ratio of 0.02. L.S. Starrett has a 1 year low of $8.55 and a 1 year high of $16.00. The stock has a market cap of $119.33 million, a price-to-earnings ratio of 6.18 and a beta of 0.41.
L.S. Starrett (NYSE:SCX - Get Free Report) last posted its quarterly earnings data on Friday, February 16th. The company reported ($0.05) earnings per share for the quarter. L.S. Starrett had a return on equity of 3.45% and a net margin of 7.72%. The business had revenue of $62.08 million during the quarter.
Institutional Trading of L.S. Starrett
Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of L.S. Starrett by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 372,541 shares of the company's stock valued at $4,508,000 after buying an additional 13,247 shares during the period. Renaissance Technologies LLC raised its stake in shares of L.S. Starrett by 1.1% in the second quarter. Renaissance Technologies LLC now owns 355,565 shares of the company's stock valued at $3,716,000 after buying an additional 3,842 shares during the period. Vanguard Group Inc. raised its stake in shares of L.S. Starrett by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 252,160 shares of the company's stock valued at $3,051,000 after buying an additional 7,624 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of L.S. Starrett by 0.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 88,579 shares of the company's stock valued at $1,072,000 after buying an additional 768 shares during the period. Finally, Teton Advisors Inc. raised its stake in shares of L.S. Starrett by 3.2% in the first quarter. Teton Advisors Inc. now owns 67,100 shares of the company's stock valued at $516,000 after buying an additional 2,100 shares during the period. 43.40% of the stock is currently owned by institutional investors.
About L.S. Starrett
(
Get Free Report)
The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in North America, Brazil, and China. The company's products include precision tools, electronic gauges, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and reciprocating saw blades, as well as M1 lubricant and precision ground flat stock products.
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