L.S. Starrett (NYSE:SCX) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of L.S. Starrett (NYSE:SCXFree Report) from a buy rating to a strong-buy rating in a research report report published on Monday morning.

L.S. Starrett Stock Performance

Shares of NYSE:SCX traded up $0.41 during trading on Monday, reaching $13.54. The company had a trading volume of 30,431 shares, compared to its average volume of 21,857. The firm has a market capitalization of $101.28 million, a price-to-earnings ratio of 4.50 and a beta of 0.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.94 and a quick ratio of 1.37. The stock’s fifty day moving average price is $11.09 and its 200 day moving average price is $11.00. L.S. Starrett has a fifty-two week low of $8.08 and a fifty-two week high of $13.71.

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

Institutional Trading of L.S. Starrett

Several large investors have recently bought and sold shares of SCX. BlackRock Inc. raised its stake in L.S. Starrett by 4.5% in the 2nd quarter. BlackRock Inc. now owns 25,162 shares of the company’s stock valued at $263,000 after purchasing an additional 1,084 shares during the last quarter. Vanguard Group Inc. raised its stake in L.S. Starrett by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 244,536 shares of the company’s stock valued at $2,629,000 after purchasing an additional 1,461 shares during the last quarter. UBS Group AG raised 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 valued at $32,000 after purchasing an additional 1,889 shares during the last quarter. Teton Advisors Inc. grew its holdings in L.S. Starrett by 3.2% in the 1st quarter. Teton Advisors Inc. now owns 67,100 shares of the company’s stock valued at $516,000 after buying an additional 2,100 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in L.S. Starrett by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 349,255 shares of the company’s stock valued at $3,084,000 after buying an additional 2,406 shares during the period. Institutional investors and hedge funds own 41.60% of the company’s stock.

L.S. Starrett Company Profile

(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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