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

News coverage about L.S. Starrett Company (The) (NYSE:SCX) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. L.S. Starrett Company (The) earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.4875746236293 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of L.S. Starrett Company (SCX) traded up 1.827% during mid-day trading on Monday, hitting $8.808. 8,084 shares of the stock were exchanged. L.S. Starrett Company has a 1-year low of $6.75 and a 1-year high of $11.90. The firm has a market cap of $61.51 million, a price-to-earnings ratio of 62.914 and a beta of 1.34. The company’s 50-day moving average is $7.44 and its 200-day moving average is $8.99.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Monday, September 18th. L.S. Starrett Company (The)’s dividend payout ratio is currently -20.10%.

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

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L.S. Starrett Company (The) Company Profile

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.

Insider Buying and Selling by Quarter for L.S. Starrett Company (The) (NYSE:SCX)

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