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

Equities researchers at StockNews.com initiated coverage on shares of L.S. Starrett (NYSE:SCX) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the stock.

L.S. Starrett Price Performance

Shares of SCX stock opened at $16.18 on Wednesday. The company has a market capitalization of $121.56 million, a P/E ratio of 9.75 and a beta of 0.48. The company has a current ratio of 3.13, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. L.S. Starrett has a 12 month low of $8.55 and a 12 month high of $16.19. The stock has a 50 day moving average of $16.16 and a two-hundred day moving average of $14.37.

L.S. Starrett (NYSE:SCX) last announced its quarterly earnings results on Monday, May 13th. The company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $60.77 million for the quarter. L.S. Starrett had a net margin of 5.02% and a return on equity of 2.44%.

Institutional Investors Weigh In On L.S. Starrett

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new stake in L.S. Starrett in the 4th quarter valued at $114,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of L.S. Starrett by 40.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 25,154 shares of the company’s stock valued at $270,000 after acquiring an additional 7,185 shares during the period. Vanguard Group Inc. boosted its stake in shares of L.S. Starrett by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 266,093 shares of the company’s stock valued at $4,228,000 after purchasing an additional 13,933 shares in the last quarter. Beryl Capital Management LLC bought a new stake in shares of L.S. Starrett in the 1st quarter worth about $2,980,000. Finally, Natixis acquired a new stake in shares of L.S. Starrett during the 1st quarter worth about $954,000. 43.40% of the stock is currently owned by institutional investors.

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.