The L.S. Starrett Co (NYSE: SCX) stock enjoyed a major increase of 15.5% on 12/15/23. The shares closed at $11.41. Moreover, exceptionally high trading volume at 507% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 16.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SCX is expected to continue to be an important Value Builder.
L.S. Starrett has a current Value Trend Rating of B (Positive). This VT Rating improved modestly in recent days from B previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. L.S. Starrett has a slightly positive Power Rating of 65 and a good Appreciation Score of 80, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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