Alert: Negative Investment/Fundamental Signals (2/27/24)-The L.S. Starrett Co (NYSE: SCX)

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The L.S. Starrett Co (NYSE: SCX) suffers from extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and its longer term price trend turned down.

The L.S. Starrett Co (NYSE: SCX) has recently experienced slight 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.

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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 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 82 and a good Appreciation Score of 84, and the Highest Value Trend Rating results.

Recent Price Action

On 2/27/24, The L.S. Starrett Co (NYSE: SCX) stock enjoyed a large increase of 2.5%, closing at $10.15. Moreover, trading volume in this advance was above average at 130% of normal. Relative to the market the stock has been strong over the last nine months but has declined -23.7% during the last week.

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