L S Starrett (NYSE:SCX) Stock Crosses Below 200 Day Moving Average of $6.14

L S Starrett Co (NYSE:SCX) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.14 and traded as low as $5.60. L S Starrett shares last traded at $5.62, with a volume of 200 shares traded.

The company has a debt-to-equity ratio of 0.29, a current ratio of 3.73 and a quick ratio of 1.60. The company has a 50-day moving average price of $5.69 and a 200 day moving average price of $6.13.

L S Starrett (NYSE:SCX) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.11 EPS for the quarter. The firm had revenue of $52.11 million during the quarter. L S Starrett had a return on equity of 7.30% and a net margin of 2.75%.

In related news, CFO Douglas A. Starrett purchased 10,500 shares of L S Starrett stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $6.34 per share, with a total value of $66,570.00. Following the transaction, the chief financial officer now owns 60,754 shares in the company, valued at approximately $385,180.36. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.18% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SCX. Renaissance Technologies LLC grew its stake in L S Starrett by 3.8% during the 2nd quarter. Renaissance Technologies LLC now owns 431,145 shares of the company’s stock worth $2,854,000 after buying an additional 15,900 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in L S Starrett by 4.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 318,180 shares of the company’s stock worth $1,845,000 after buying an additional 13,500 shares during the last quarter. Vanguard Group Inc. grew its stake in L S Starrett by 9.4% during the 2nd quarter. Vanguard Group Inc. now owns 147,707 shares of the company’s stock worth $978,000 after buying an additional 12,732 shares during the last quarter. Gabelli Funds LLC grew its stake in L S Starrett by 21.2% during the 3rd quarter. Gabelli Funds LLC now owns 51,500 shares of the company’s stock worth $299,000 after buying an additional 9,000 shares during the last quarter. Finally, Morgan Stanley grew its stake in L S Starrett by 1.8% during the 2nd quarter. Morgan Stanley now owns 379,451 shares of the company’s stock worth $2,512,000 after buying an additional 6,674 shares during the last quarter. Hedge funds and other institutional investors own 40.70% of the company’s stock.

L S Starrett Company Profile (NYSE:SCX)

The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products primarily in North America, Brazil, China, the United Kingdom, Australia, and New Zealand. The company's products include precision tools, electronic gages, 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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