L.S. Starrett (NYSE:SCX) Now Covered by StockNews.com

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

L.S. Starrett Price Performance

Shares of NYSE:SCX opened at $16.11 on Tuesday. The company has a current ratio of 3.11, a quick ratio of 1.42 and a debt-to-equity ratio of 0.02. The stock has a market cap of $120.99 million, a PE ratio of 6.27 and a beta of 0.46. The stock’s fifty day simple moving average is $14.39 and its two-hundred day simple moving average is $12.45. L.S. Starrett has a 1-year low of $8.55 and a 1-year high of $16.17.

L.S. Starrett (NYSE:SCX) last released its quarterly earnings results 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 for the quarter.

Hedge Funds Weigh In On L.S. Starrett

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