The L.S. Starrett Company (NYSE:SCX) Short Interest Update

The L.S. Starrett Company (NYSE:SCXGet Rating) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 19,000 shares, a growth of 31.9% from the March 31st total of 14,400 shares. Based on an average daily trading volume, of 20,400 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the company are sold short.

Several large investors have recently modified their holdings of the company. Morgan Stanley increased its holdings in shares of L.S. Starrett by 1.7% during the 2nd quarter. Morgan Stanley now owns 373,335 shares of the company’s stock valued at $3,487,000 after acquiring an additional 6,399 shares during the last quarter. EAM Investors LLC bought a new stake in L.S. Starrett during the third quarter valued at about $1,286,000. Acadian Asset Management LLC grew its position in shares of L.S. Starrett by 34.7% in the fourth quarter. Acadian Asset Management LLC now owns 15,005 shares of the company’s stock valued at $139,000 after purchasing an additional 3,864 shares during the last quarter. LPL Financial LLC bought a new position in shares of L.S. Starrett in the fourth quarter worth about $120,000. Finally, Northern Trust Corp acquired a new position in shares of L.S. Starrett during the 4th quarter worth about $112,000. 39.46% of the stock is owned by institutional investors.

SCX traded up $0.09 on Monday, hitting $6.71. 530 shares of the company were exchanged, compared to its average volume of 22,007. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.13 and a current ratio of 2.36. The business’s fifty day moving average is $7.24 and its 200 day moving average is $8.89. L.S. Starrett has a fifty-two week low of $6.05 and a fifty-two week high of $13.90. The firm has a market capitalization of $48.54 million, a P/E ratio of 3.73 and a beta of 0.74.

L.S. Starrett (NYSE:SCXGet Rating) last issued its earnings results on Monday, February 7th. The company reported $0.34 EPS for the quarter. The business had revenue of $61.32 million for the quarter. L.S. Starrett had a net margin of 5.57% and a return on equity of 17.23%.

About L.S. Starrett (Get Rating)

The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexico, Brazil, China, the United Kingdom, Australia, and New Zealand. The company's products include precision tools, electronic gauges, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, 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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