Posted by admin on Aug 10th, 2022
The L.S. Starrett Company (NYSE:SCX – Get Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.37 and traded as low as $7.01. L.S. Starrett shares last traded at $7.01, with a volume of 6,536 shares.
The company has a current ratio of 2.33, a quick ratio of 1.09 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $7.15 and a 200 day moving average price of $7.37. The firm has a market cap of $50.71 million, a PE ratio of 3.58 and a beta of 0.76.
L.S. Starrett (NYSE:SCX – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.57 EPS for the quarter. L.S. Starrett had a return on equity of 16.75% and a net margin of 5.96%. The business had revenue of $60.48 million for the quarter.
Several institutional investors have recently modified their holdings of the stock. Teton Advisors Inc. raised its holdings in shares of L.S. Starrett by 3.2% during the 1st quarter. Teton Advisors Inc. now owns 67,100 shares of the company’s stock worth $516,000 after acquiring an additional 2,100 shares during the period. Acadian Asset Management LLC increased its position in shares of L.S. Starrett by 34.7% during the 4th quarter. Acadian Asset Management LLC now owns 15,005 shares of the company’s stock worth $139,000 after purchasing an additional 3,864 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of L.S. Starrett during the 1st quarter worth about $85,000. Finally, National Asset Management Inc. acquired a new stake in shares of L.S. Starrett during the 1st quarter worth about $81,000. Hedge funds and other institutional investors own 39.46% of the company’s stock.
The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexico, Brazil, China, the United Kingdom, Australia, and New Zealand. The company's products include precision tools, electronic gauges, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, 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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