L.S. Starrett (NYSE:SCX) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of L.S. Starrett (NYSE:SCX) in a research report report published on Monday. The firm issued a buy rating on the stock.

L.S. Starrett Stock Performance

Shares of NYSE SCX opened at $16.00 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.42 and a current ratio of 3.11. The company has a market cap of $120.16 million, a P/E ratio of 6.23 and a beta of 0.46. The firm’s fifty day moving average is $14.02 and its two-hundred day moving average is $12.22. L.S. Starrett has a 52-week low of $8.55 and a 52-week high of $16.04.

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

Institutional Trading of L.S. Starrett

A hedge fund recently raised its stake in L.S. Starrett stock. O Shaughnessy Asset Management LLC raised its stake in The L.S. Starrett Company (NYSE:SCX) by 40.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,154 shares of the company’s stock after acquiring an additional 7,185 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.34% of L.S. Starrett worth $270,000 as of its most recent SEC filing. 43.40% of the stock is owned by institutional investors and hedge funds.

About L.S. Starrett

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.