Equities research analysts at StockNews.com started coverage on shares of L.S. Starrett (NYSE:SCX - Get Free Report) in a research note issued on Tuesday. The brokerage set a "buy" rating on the stock.
L.S. Starrett Stock Performance
Shares of SCX stock traded down $0.04 during mid-day trading on Tuesday, hitting $16.11. The stock had a trading volume of 59,389 shares, compared to its average volume of 61,569. L.S. Starrett has a fifty-two week low of $8.55 and a fifty-two week high of $16.17. The firm has a market cap of $120.99 million, a PE ratio of 6.27 and a beta of 0.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.11 and a quick ratio of 1.42. The company's 50-day simple moving average is $14.39 and its 200-day simple moving average is $12.45.
L.S. Starrett (NYSE:SCX - Get Free Report) last released its earnings results on Friday, February 16th. The company reported ($0.05) EPS for the quarter. L.S. Starrett had a return on equity of 3.45% and a net margin of 7.72%. The firm had revenue of $62.08 million during the quarter.
Institutional Trading of L.S. Starrett
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new stake in shares of L.S. Starrett in the fourth quarter valued at about $114,000. Privium Fund Management UK Ltd acquired a new position in L.S. Starrett during the first quarter worth about $184,000. Finally, O Shaughnessy Asset Management LLC raised its position in L.S. Starrett by 40.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 25,154 shares of the company's stock worth $270,000 after acquiring an additional 7,185 shares during the last quarter. Institutional investors and hedge funds own 43.40% of the company's stock.
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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