Alert: Negative Investment/Fundamental Signals (11/27/23)-The L.S. Starrett Co (NYSE: SCX)


The L.S. Starrett Co (NYSE: SCX). Extremely significant negative changes in investment behavior have recently occurred: its longer term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.

The L.S. Starrett Co (NYSE: SCX) has recently experienced 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’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

L.S. Starrett has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. L.S. Starrett has a slightly positive Power Rating of 66 and a good Appreciation Score of 84, leading to the Highest Value Trend Rating.

Recent Price Action

On 11/27/23, The L.S. Starrett Co (NYSE: SCX) stock declined by -1.2%, closing at $9.05. Relative to the market the stock has been strong over the last nine months but has declined -8.0% during the last week.

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