Alert: Negative Investment/Fundamental Signals (11/13/23)-The L.S. Starrett Co (NYSE: SCX)


Extremely important negative changes in investment behavior have recently occurred for The L.S. Starrett Co (NYSE: SCX): the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.

The L.S. Starrett Co (NYSE: SCX) suffers from small negative changes in fundamentals: significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

SCX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

L.S. Starrett has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. L.S. Starrett has a good Power Rating of 74 and a good Appreciation Score of 79, with the Highest Value Trend Rating the result.

Recent Price Action

The L.S. Starrett Co (NYSE: SCX) stock closed at $9.94 on 11/13/23 after a very large decline of -5.3%. The stock has declined -8.0% during the last week but has been strong relative to the market over the last nine months.

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