L S Starrett Co (NYSE:SCX) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 6,400 shares, a growth of 18.5% from the May 30th total of 5,400 shares. Based on an average trading volume of 9,100 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are sold short.
Several large investors have recently made changes to their positions in SCX. Bailard Inc. bought a new stake in L S Starrett in the first quarter worth approximately $99,000. Gamco Investors INC. ET AL increased its holdings in L S Starrett by 4.6% in the first quarter. Gamco Investors INC. ET AL now owns 304,680 shares of the company’s stock worth $2,346,000 after purchasing an additional 13,280 shares in the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in L S Starrett in the first quarter worth approximately $138,000. 42.69% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:SCX traded down $0.09 during trading on Friday, hitting $6.43. The stock had a trading volume of 9,832 shares, compared to its average volume of 6,699. L S Starrett has a 12 month low of $4.62 and a 12 month high of $9.33. The company has a fifty day moving average of $7.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.91 and a current ratio of 4.17.
L S Starrett (NYSE:SCX) last announced its earnings results on Wednesday, May 1st. The company reported $0.30 earnings per share (EPS) for the quarter. L S Starrett had a return on equity of 1.08% and a net margin of 0.25%. The firm had revenue of $58.50 million during the quarter.
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.
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