L S Starrett (SCX) Lifted to C at TheStreet

L S Starrett (NYSE:SCX) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued on Monday, February 4th.

SCX traded up $0.17 on Monday, reaching $7.74. The stock had a trading volume of 11,496 shares, compared to its average volume of 28,445. L S Starrett has a fifty-two week low of $4.62 and a fifty-two week high of $9.33. The company has a quick ratio of 2.05, a current ratio of 4.36 and a debt-to-equity ratio of 0.20.

Large investors have recently made changes to their positions in the business. Shepherd Kaplan Krochuk LLC bought a new position in L S Starrett in the fourth quarter worth approximately $54,000. QCI Asset Management Inc. NY lifted its holdings in shares of L S Starrett by 37.5% in the fourth quarter. QCI Asset Management Inc. NY now owns 58,949 shares of the company’s stock valued at $308,000 after purchasing an additional 16,078 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of L S Starrett by 1.6% in the third quarter. Vanguard Group Inc now owns 154,826 shares of the company’s stock valued at $929,000 after purchasing an additional 2,493 shares in the last quarter. Morgan Stanley lifted its holdings in shares of L S Starrett by 8.3% in the third quarter. Morgan Stanley now owns 335,227 shares of the company’s stock valued at $2,012,000 after purchasing an additional 25,802 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of L S Starrett by 5.0% in the third quarter. Renaissance Technologies LLC now owns 388,734 shares of the company’s stock valued at $2,332,000 after purchasing an additional 18,544 shares in the last quarter. Institutional investors and hedge funds own 42.68% 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 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.

Featured Story: Put Option

Receive News & Ratings for L S Starrett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L S Starrett and related companies with MarketBeat.com's FREE daily email newsletter.