The Somewhat Favorable Press Coverage Somewhat Unlikely to Affect L.S. Starrett Company (The) (SCX) Stock Price

The Somewhat Favorable Press Coverage Somewhat Unlikely to Affect L.S. Starrett Company (The) (SCX) Stock Price

News articles about L.S. Starrett Company (The) (NYSE:SCX) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. L.S. Starrett Company (The) earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.6905808593764 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

L.S. Starrett Company (SCX) traded down 1.400% on Wednesday, reaching $8.225. 3,893 shares of the company’s stock traded hands. The firm has a market capitalization of $57.44 million, a P/E ratio of 58.750 and a beta of 1.39. L.S. Starrett Company has a 52 week low of $6.75 and a 52 week high of $11.90. The stock has a 50-day moving average of $8.46 and a 200 day moving average of $8.60.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Monday, September 18th. L.S. Starrett Company (The)’s payout ratio is currently 285.71%.

In related news, CFO Douglas A. Starrett purchased 4,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average price of $7.30 per share, with a total value of $32,850.00. Following the completion of the transaction, the chief financial officer now owns 52,754 shares of the company’s stock, valued at $385,104.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 7,600 shares of company stock valued at $55,480 in the last three months. Corporate insiders own 2.08% of the company’s stock.

About L.S. Starrett Company (The)

The L.S. Starrett Company is engaged in the business of manufacturing over 5,000 variations of precision tools, gages, measuring instruments and saw blades for industrial, professional and consumer markets across the world. The Company’s product line includes precision measuring tools (micrometers, calipers and rules, among others.), levels, electronic gages, dial indicators, gage blocks and granite surface plates and custom-engineered products.

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