L.S. Starrett (NYSE:SCX) Stock Rating Lowered by StockNews.com

L.S. Starrett (NYSE:SCXGet Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

L.S. Starrett Stock Performance

SCX opened at $13.54 on Monday. The company has a current ratio of 2.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.06. The company has a market cap of $101.28 million, a price-to-earnings ratio of 4.45 and a beta of 0.50. The company’s 50 day moving average is $11.76 and its 200 day moving average is $11.14. L.S. Starrett has a 12-month low of $8.55 and a 12-month high of $14.00.

L.S. Starrett (NYSE:SCXGet Free Report) last posted its quarterly earnings data on Monday, November 13th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $60.64 million for the quarter. L.S. Starrett had a net margin of 8.95% and a return on equity of 6.53%.

Institutional Trading of L.S. Starrett

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG increased its stake in L.S. Starrett by 77.9% in the 4th quarter. UBS Group AG now owns 4,314 shares of the company’s stock worth $32,000 after buying an additional 1,889 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of L.S. Starrett in the first quarter worth about $85,000. Victory Capital Management Inc. bought a new position in shares of L.S. Starrett in the fourth quarter worth about $114,000. Acadian Asset Management LLC lifted its position in shares of L.S. Starrett by 114.2% in the first quarter. Acadian Asset Management LLC now owns 19,303 shares of the company’s stock worth $216,000 after buying an additional 10,291 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of L.S. Starrett by 15.5% in the second quarter. Citadel Advisors LLC now owns 20,820 shares of the company’s stock worth $218,000 after buying an additional 2,791 shares in the last quarter. 41.60% of the stock is owned by hedge funds and other 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.

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