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

StockNews.com initiated coverage on shares of L.S. Starrett (NYSE:SCX) in a research report released on Friday morning. The firm issued a buy rating on the stock.

L.S. Starrett Trading Up 0.1 %

SCX opened at $16.18 on Friday. The firm has a market capitalization of $121.51 million, a P/E ratio of 9.75 and a beta of 0.48. The firm’s 50 day moving average is $16.02 and its 200-day moving average is $13.14. L.S. Starrett has a 52-week low of $8.55 and a 52-week high of $16.19. The company has a quick ratio of 1.49, a current ratio of 3.13 and a debt-to-equity ratio of 0.04.

Institutional Trading of L.S. Starrett

Hedge funds have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its stake in shares of L.S. Starrett by 40.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 25,154 shares of the company’s stock valued at $270,000 after purchasing an additional 7,185 shares during the period. Vanguard Group Inc. increased its stake in shares of L.S. Starrett by 5.5% in the first quarter. Vanguard Group Inc. now owns 266,093 shares of the company’s stock worth $4,228,000 after buying an additional 13,933 shares during the last quarter. Beryl Capital Management LLC bought a new stake in shares of L.S. Starrett in the first quarter worth $2,980,000. Natixis bought a new stake in shares of L.S. Starrett in the first quarter worth $954,000. Finally, Empowered Funds LLC bought a new stake in shares of L.S. Starrett in the first quarter worth $159,000. Hedge funds and other institutional investors own 43.40% of the company’s stock.

L.S. Starrett Company Profile

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.