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

StockNews.com assumed coverage on shares of L.S. Starrett (NYSE:SCX) in a research report sent to investors on Monday morning. The firm issued a buy rating on the stock.

L.S. Starrett Price Performance

NYSE:SCX opened at $16.03 on Monday. L.S. Starrett has a 52 week low of $8.55 and a 52 week high of $16.04. The company has a quick ratio of 1.42, a current ratio of 3.11 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $120.39 million, a P/E ratio of 6.24 and a beta of 0.47. The stock’s fifty day moving average is $14.12 and its two-hundred day moving average is $12.28.

L.S. Starrett (NYSE:SCX) last issued its quarterly earnings data 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 firm had revenue of $62.08 million during the quarter.

Institutional Trading of L.S. Starrett

A hedge fund recently bought a new stake in L.S. Starrett stock. Victory Capital Management Inc. purchased a new position in shares of The L.S. Starrett Company (NYSE:SCX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,406 shares of the company’s stock, valued at approximately $114,000. Victory Capital Management Inc. owned about 0.13% of L.S. Starrett at the end of the most recent reporting period. 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.