L.S. Starrett (NYSE:SCX) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of L.S. Starrett (NYSE:SCX) in a research report issued on Wednesday. The brokerage set a “buy” rating on the stock.

L.S. Starrett Stock Performance

Shares of SCX opened at $16.13 on Wednesday. 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 capitalization of $121.06 million, a P/E ratio of 6.28 and a beta of 0.48. The firm’s fifty day simple moving average is $15.23 and its two-hundred day simple moving average is $12.68. 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 released its quarterly earnings data on Friday, February 16th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company 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%.

Hedge Funds Weigh In On L.S. Starrett

A number of institutional investors and hedge funds have recently made changes to their positions in SCX. Victory Capital Management Inc. bought a new position in L.S. Starrett in the 4th quarter valued at about $114,000. Empowered Funds LLC bought a new position in L.S. Starrett in the 1st quarter valued at about $159,000. Privium Fund Management UK Ltd bought a new position in L.S. Starrett in the 1st quarter valued at about $184,000. Finally, O Shaughnessy Asset Management LLC lifted its position in L.S. Starrett by 40.0% in the 3rd 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 in the last quarter. Institutional investors own 43.40% of the company’s stock.

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.