L.S. Starrett (NYSE:SCX) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of L.S. Starrett (NYSE:SCX) in a research report issued on Sunday. The firm set a “buy” rating on the stock.

L.S. Starrett Stock Performance

Shares of L.S. Starrett stock opened at $16.01 on Friday. The business’s fifty day simple moving average is $13.71 and its 200 day simple moving average is $11.99. The company has a current ratio of 3.11, a quick ratio of 1.42 and a debt-to-equity ratio of 0.02. L.S. Starrett has a 12 month low of $8.55 and a 12 month high of $16.01. The firm has a market capitalization of $120.24 million, a P/E ratio of 6.23 and a beta of 0.47.

L.S. Starrett (NYSE:SCX) last released its earnings results on Friday, February 16th. The company reported ($0.05) earnings per share for the quarter. L.S. Starrett had a net margin of 7.72% and a return on equity of 3.45%. The company had revenue of $62.08 million during the quarter.

Institutional Trading of L.S. Starrett

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG boosted its position in shares of L.S. Starrett by 77.9% in the fourth quarter. UBS Group AG now owns 4,314 shares of the company’s stock valued at $32,000 after acquiring an additional 1,889 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of L.S. Starrett in the first quarter worth $85,000. Victory Capital Management Inc. purchased a new stake in shares of L.S. Starrett in the fourth quarter worth $114,000. Acadian Asset Management LLC boosted its stake in L.S. Starrett by 114.2% during the first quarter. Acadian Asset Management LLC now owns 19,303 shares of the company’s stock valued at $216,000 after buying an additional 10,291 shares during the period. Finally, Citadel Advisors LLC boosted its stake in L.S. Starrett by 15.5% during the second quarter. Citadel Advisors LLC now owns 20,820 shares of the company’s stock valued at $218,000 after buying an additional 2,791 shares during the period. Institutional investors own 43.40% of the company’s stock.

L.S. Starrett Company Profile

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.