Should You Buy L S Starrett Co Class A (SCX) Stock on Monday?

Overall market sentiment has been high on L S Starrett Co Class A (SCX) stock lately. SCX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

L S Starrett Co Class A has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SCX!

See Full SCX Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With SCX Stock Today?

L S Starrett Co Class A (SCX) stock has fallen -1.85% while the S&P 500 is up 0.04% as of 10:40 AM on Monday, Sep 18. SCX is lower by -$0.21 from the previous closing price of $11.34 on volume of 45,338 shares. Over the past year the S&P 500 has gained 14.16% while SCX is up 20.19%. SCX earned $2.33 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 4.77.

More About L S Starrett Co Class A

The L S Starrett Co is engaged in the manufacturing of industrial, professional and consumer measuring and cutting tools and related products. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and others. Its products are used in different industries such as metalworking, automotive, aviation, marine, farm, and others. The operating segments of the company are North American Operations and International Operations, of which main revenue is derived from the North American Operations segment. Click Here to get the full Stock Report for L S Starrett Co Class A stock.