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

Research analysts at StockNews.com assumed coverage on shares of L.S. Starrett (NYSE:SCX) in a note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

L.S. Starrett Price Performance

Shares of NYSE:SCX opened at $16.10 on Tuesday. The business’s 50 day simple moving average is $14.50 and its 200-day simple moving average is $12.47. The firm has a market capitalization of $120.91 million, a price-to-earnings ratio of 6.26 and a beta of 0.47. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.11 and a quick ratio of 1.42. L.S. Starrett has a 12 month low of $8.55 and a 12 month high of $16.17.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SCX. Victory Capital Management Inc. acquired a new position in L.S. Starrett in the 4th quarter valued at $114,000. Privium Fund Management UK Ltd acquired a new stake in shares of L.S. Starrett during the 1st quarter worth $184,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of L.S. Starrett by 40.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 25,154 shares of the company’s stock worth $270,000 after buying an additional 7,185 shares during the last quarter. 43.40% of the stock is currently owned by institutional investors and hedge funds.

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.