StockNews.com assumed coverage on shares of L.S. Starrett (NYSE:SCX – Get Rating) in a research note released on Wednesday morning. The brokerage issued a strong-buy rating on the stock.
L.S. Starrett Stock Performance
SCX stock opened at $10.66 on Wednesday. The company has a current ratio of 3.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.19. The firm has a market cap of $79.20 million, a P/E ratio of 5.55 and a beta of 0.56. L.S. Starrett has a 12-month low of $6.26 and a 12-month high of $12.60. The stock’s 50 day simple moving average is $9.68 and its 200 day simple moving average is $8.73.
L.S. Starrett (NYSE:SCX – Get Rating) last posted its quarterly earnings results on Monday, February 6th. The company reported $0.42 earnings per share (EPS) for the quarter. L.S. Starrett had a return on equity of 13.94% and a net margin of 5.54%. The business had revenue of $66.78 million for the quarter.
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of SCX. Teton Advisors Inc. increased its holdings in shares of L.S. Starrett by 3.2% during the first quarter. Teton Advisors Inc. now owns 67,100 shares of the company’s stock valued at $516,000 after purchasing an additional 2,100 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of L.S. Starrett during the first quarter valued at $85,000. Dimensional Fund Advisors LP increased its holdings in shares of L.S. Starrett by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 349,255 shares of the company’s stock valued at $3,084,000 after purchasing an additional 2,406 shares during the period. UBS Group AG increased its holdings in shares of L.S. Starrett by 77.9% during the fourth quarter. UBS Group AG now owns 4,314 shares of the company’s stock valued at $32,000 after purchasing an additional 1,889 shares during the period. Finally, Steel Partners Holdings L.P. boosted its stake in L.S. Starrett by 121.1% during the fourth quarter. Steel Partners Holdings L.P. now owns 276,844 shares of the company’s stock valued at $2,038,000 after buying an additional 151,612 shares in the last quarter. 38.82% of the stock is owned by institutional investors and hedge funds.
L.S. Starrett Company Profile
The L.S. Starrett Co engages in the business of manufacturing products for industrial, professional, and consumer markets. It operates through North American and International geographical segments. The North America segment includes manufacturing and sales in the U.S., Canada, and Mexico. The International segment consists of all operations outside North America, primarily in Brazil, United Kingdom, and China.
- Get a free copy of the StockNews.com research report on L.S. Starrett (SCX)
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