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

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

L.S. Starrett Stock Up 0.9 %

Shares of NYSE SCX opened at $16.17 on Tuesday. The firm has a 50 day moving average price of $14.28 and a 200 day moving average price of $12.41. The stock has a market cap of $121.44 million, a P/E ratio of 6.29 and a beta of 0.46. L.S. Starrett has a 52-week low of $8.55 and a 52-week high of $16.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.42 and a current ratio of 3.11.

L.S. Starrett (NYSE:SCX) last released its quarterly earnings data on Friday, February 16th. The company reported ($0.05) EPS for the quarter. The firm had revenue of $62.08 million during the quarter. L.S. Starrett had a net margin of 7.72% and a return on equity of 3.45%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in L.S. Starrett stock. Victory Capital Management Inc. acquired a new stake in The L.S. Starrett Company (NYSE:SCX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 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 quarter. 43.40% of the stock is owned by institutional investors.

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.