L.S. Starrett (NYSE:SCX) Earns Buy Rating from Analysts at StockNews.com

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

L.S. Starrett Stock Performance

L.S. Starrett stock opened at $16.01 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.42 and a current ratio of 3.11. The company has a market capitalization of $120.24 million, a PE ratio of 6.23 and a beta of 0.47. The company has a 50 day moving average price of $13.71 and a 200-day moving average price of $11.99. L.S. Starrett has a fifty-two week low of $8.55 and a fifty-two week high of $16.01.

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

Hedge Funds Weigh In On L.S. Starrett

Large investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new position in shares of L.S. Starrett in the 1st quarter worth approximately $239,000. Dimensional Fund Advisors LP boosted its stake in L.S. Starrett by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 372,541 shares of the company’s stock valued at $4,508,000 after acquiring an additional 13,247 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in L.S. Starrett in the first quarter worth $85,000. Acadian Asset Management LLC increased its position in shares of L.S. Starrett by 114.2% during the first quarter. Acadian Asset Management LLC now owns 19,303 shares of the company’s stock worth $216,000 after purchasing an additional 10,291 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of L.S. Starrett during the fourth quarter worth $114,000. 43.40% of the stock is currently 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.