StockNews.com initiated coverage on shares of L.S. Starrett (NYSE:SCX - Free Report) in a research report released on Sunday. The brokerage issued a buy rating on the stock.
L.S. Starrett Trading Up 0.5 %
NYSE SCX traded up $0.08 on Friday, hitting $16.01. The company's stock had a trading volume of 40,584 shares, compared to its average volume of 51,174. 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 $16.01. The company's 50-day moving average is $13.71 and its 200 day moving average is $11.99. The firm has a market cap of $120.16 million, a PE ratio of 6.23 and a beta of 0.47.
L.S. Starrett (NYSE:SCX - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The company reported ($0.05) earnings per share (EPS) for the quarter. L.S. Starrett had a net margin of 7.72% and a return on equity of 3.45%. The business had revenue of $62.08 million during the quarter.
Institutional Investors Weigh In On L.S. Starrett
A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in L.S. Starrett by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 372,541 shares of the company's stock worth $4,508,000 after purchasing an additional 13,247 shares during the period. Renaissance Technologies LLC lifted 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 in the last quarter. Vanguard Group Inc. lifted 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 in the last quarter. Bridgeway Capital Management LLC lifted 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 in the last quarter. Finally, Teton Advisors Inc. lifted 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 in the last quarter. 43.40% of the stock is currently owned by institutional investors and hedge funds.
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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