L S Starrett (NYSE:SCX) Share Price Crosses Below Two Hundred Day Moving Average of $6.14

L S Starrett Co (NYSE:SCX) 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.

The company has a quick ratio of 1.60, a current ratio of 3.73 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $5.69 and a two-hundred day moving average of $6.13.

L S Starrett (NYSE:SCX) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.11 earnings per share for the quarter. The company 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 other L S Starrett news, CFO Douglas A. Starrett purchased 10,500 shares of L S Starrett stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $6.34 per share, with a total value of $66,570.00. Following the acquisition, the chief financial officer now owns 60,754 shares of the company’s stock, valued at approximately $385,180.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.18% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Teton Advisors Inc. raised its holdings in shares of L S Starrett by 0.8% during the second quarter. Teton Advisors Inc. now owns 357,083 shares of the company’s stock valued at $2,364,000 after acquiring an additional 3,000 shares during the last quarter. Morgan Stanley raised its holdings in shares of L S Starrett by 1.8% during the second quarter. Morgan Stanley now owns 379,451 shares of the company’s stock valued at $2,512,000 after acquiring an additional 6,674 shares during the last quarter. Gabelli Funds LLC raised its holdings in shares of L S Starrett by 21.2% during the third quarter. Gabelli Funds LLC now owns 51,500 shares of the company’s stock valued at $299,000 after acquiring an additional 9,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of L S Starrett by 9.4% during the second quarter. Vanguard Group Inc. now owns 147,707 shares of the company’s stock valued at $978,000 after acquiring an additional 12,732 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of L S Starrett by 4.4% during the third quarter. Gamco Investors INC. ET AL now owns 318,180 shares of the company’s stock valued at $1,845,000 after acquiring an additional 13,500 shares during the last quarter. 40.70% of the stock is owned by institutional investors.

About L S Starrett (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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