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

Posted by Joseph Casey on Apr 23rd, 2024

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

L.S. Starrett Stock Performance

L.S. Starrett stock opened at $16.00 on Monday. L.S. Starrett has a 1-year low of $8.55 and a 1-year high of $16.04. The firm has a market cap of $120.16 million, a P/E ratio of 6.23 and a beta of 0.46. The firm has a 50-day moving average of $14.02 and a 200-day moving average of $12.22. 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 (NYSE:SCX – Get Free Report) last released its quarterly earnings results on Friday, February 16th. The company reported ($0.05) earnings per share (EPS) for the quarter. L.S. Starrett had a return on equity of 3.45% and a net margin of 7.72%. The company had revenue of $62.08 million during the quarter.

Hedge Funds Weigh In On 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 The L.S. Starrett Company (NYSE:SCX – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,406 shares of the company’s stock, valued at approximately $114,000. Victory Capital Management Inc. owned approximately 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.

About L.S. Starrett

(Get Free Report)

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.