L S Starrett Stock (NYSE:SCX), Trade Ideas

L S Starrett

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 "do-it-yourselfers" and tradesmen such as builders, carpenters, plumbers and electricians. The operating segments of the company are North American Operations is a key revenue driver; International Operations and Global Test and Measurement.

Equities

News

Small Cap

Movers

L.S. Starrett to go private in acquisition by MiddleGround Capital for $16.19/share, 63% premium. Expected to close mid-2024.

Why Machinery Manufacturer L.S. Starrett Shares Are Rocketing Premarket Monday

Earnings

Pre-Market Outlook

Markets

Trading Ideas

PANW

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:

Walmart, Home Depot And 3 Stocks To Watch Heading Into Tuesday

Penny Stocks

Short Ideas

DFLI

FATH

MKFG

TORO

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies.

Top 5 Industrials Stocks That Are Ticking Portfolio Bombs

The L S Starrett Co

STARRETT (L S) CO B COM by Starrett (L.S.) Co. (The)

<h3>Gainers</h3>
<ul>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock rose 191.5% to $2.26 during Monday's regular session. The company's market cap stands at $184.9 million. </li>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) shares rose 58.82% to $15.76. The market value of their outstanding shares is at $118.2 million. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares rose 45.78% to $0.76. The market value of their outstanding shares is at $11.4 million. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) shares rose 19.81% to $0.98. The market value of their outstanding shares is at $9.4 million. </li>
<li>EHang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EH#NASDAQ">EH</a>) shares moved upwards by 15.24% to $13.15. The company's market cap stands at $794.1 million. </li>
<li>Markforged Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKFG#NYSE">MKFG</a>) shares moved upwards by 13.49% to $0.84. The company's market cap stands at $166.7 million. The company's, Q4 earnings came out 2 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) stock fell 12.7% to $5.65 during Monday's regular session. The company's market cap stands at $24.9 million. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>Lucas GC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCL#NASDAQ">LGCL</a>) stock decreased by 12.15% to $2.82. The market value of their outstanding shares is at $224.3 million. </li>
<li>Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) stock fell 10.57% to $0.72. The company's market cap stands at $57.8 million. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) stock fell 9.93% to $0.45. The company's market cap stands at $7.4 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock fell 9.68% to $0.26. The company's market cap stands at $4.6 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares declined by 8.6% to $1.75. The market value of their outstanding shares is at $14.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATIF

ELWS

GWAV

LASE

LGCL

SGBX

TISI

VATE

12 Industrials Stocks Moving In Monday's Intraday Session

The L.S. Starrett Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) shares are rocketing after it penned a definitive merger deal in a go-private transaction with an affiliate of&nbsp;MiddleGround Capital&nbsp;in&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37581073/the-l-s-starrett-company-enters-into-a-merger-agreement-with-middleground-capital-to-become-privat" rel="noreferrer noopener">an all-cash transaction for $16.19 per share</a>.&nbsp;
The acquisition price represents a 63% premium to the closing stock price on March 8, 2024, the last trading day before announcing the transaction.
Douglas A. Starrett, Chairman of the Board of Directors, Chief Executive Officer and President, said, &#8220;Following comprehensive outreach to potential parties, our Board of Directors determined that MiddleGround is the right partner for Starrett because of its deep knowledge within the manufacturing industry.&#8221;&nbsp;
&#8220;As a private company, the Company will have additional financial and operational flexibility to continue providing industry-leading service and products to our customers across our markets and maintaining Starrett&#8217;s proud tradition among its employees, communities and other stakeholders.&#8221;
The transaction is expected to close in mid-2024, subject to approval by Starrett&#8217;s shareholders and other customary closing conditions.
After the deal is closed, Starrett will become a wholly owned subsidiary of MiddleGround and will no longer be listed in any public market.
Price Action:&nbsp;SCX shares are up 59.2% at $15.79 premarket on the last check Monday.

WIIM

The L.S. Starrett Company shares are trading higher after the company announced it entered into a merger agreement with MiddleGround Capital to become a private company.

The purchase price represents an approximately&nbsp;63%&nbsp;premium to the closing stock price of the Company&#39;s stock on March 8, 2024, the last trading day prior to announcing the transaction.&nbsp;Following completion of the transaction, Starrett will become a wholly owned subsidiary of MiddleGround and Starrett&#39;s Class A common stock will no longer be listed on any public market.

Starrett Enters Go-Private Transaction With An Affiliate Of MiddleGround Capital In An All-Cash Transaction For $16.19 Per Share

<h3>Gainers</h3>
<ul>
<li>Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) shares moved upwards by 58.9% to $0.49 during Wednesday's pre-market session. The market value of their outstanding shares is at $24.3 million. </li>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) stock moved upwards by 28.07% to $13.0. The company's market cap stands at $97.5 million. </li>
<li>Ault Alliance (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AULT#AMEX">AULT</a>) stock moved upwards by 16.84% to $0.54. The company's market cap stands at $1.5 million. </li>
<li>Silynxcom (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#AMEX">SYNX</a>) shares increased by 11.99% to $4.0. The market value of their outstanding shares is at $21.0 million. </li>
<li>Guardforce AI Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFAI#NASDAQ">GFAI</a>) shares increased by 11.9% to $4.23. The company's market cap stands at $41.5 million. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) shares rose 11.29% to $1.38. The market value of their outstanding shares is at $13.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sarcos Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRC#NASDAQ">STRC</a>) stock declined by 13.5% to $1.48 during Wednesday's pre-market session. The company's market cap stands at $38.3 million. </li>
<li>MasTec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) shares fell 12.46% to $65.0. The company's market cap stands at $5.1 billion. </li>
<li>Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) shares decreased by 10.74% to $74.0. The market value of their outstanding shares is at $4.9 billion. </li>
<li>3D Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) stock declined by 10.14% to $4.7. The market value of their outstanding shares is at $627.1 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) shares decreased by 5.95% to $1.74. The market value of their outstanding shares is at $29.6 million. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) shares decreased by 5.83% to $0.62. The market value of their outstanding shares is at $9.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AULT

CNXC

GFAI

HTOO

JTAI

KITT

STRC

SYNX

12 Industrials Stocks Moving In Wednesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) stock rose 48.6% to $10.88 during Tuesday's regular session. The market value of their outstanding shares is at $317.9 million. </li>
<li>Ideal Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPWR#NASDAQ">IPWR</a>) shares moved upwards by 30.58% to $8.88. The company's market cap stands at $52.7 million. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) shares increased by 21.12% to $0.16. The market value of their outstanding shares is at $21.4 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) shares increased by 15.64% to $0.79. The market value of their outstanding shares is at $64.3 million. </li>
<li>Gaucho Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>) shares moved upwards by 12.65% to $0.55. The market value of their outstanding shares is at $3.1 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock moved upwards by 10.97% to $2.63. The company's market cap stands at $39.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Quhuo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>) shares fell 22.5% to $1.34 during Tuesday's regular session. The market value of their outstanding shares is at $8.2 million. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares fell 16.17% to $2.75. The market value of their outstanding shares is at $7.5 million. </li>
<li>Earlyworks Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) stock fell 16.12% to $0.82. The market value of their outstanding shares is at $12.2 million. </li>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) stock declined by 15.79% to $11.2. The market value of their outstanding shares is at $84.0 million. As per the news, the Q2 earnings report came out 2 days ago. </li>
<li>Erayak Power Solution Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAYA#NASDAQ">RAYA</a>) stock decreased by 15.73% to $0.75. The company's market cap stands at $9.0 million. </li>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) shares fell 15.15% to $1.85. The market value of their outstanding shares is at $2.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EFSH

IPWR

KULR

LUNR

PXDT

RAYA

RCRT

VINO

12 Industrials Stocks Moving In Tuesday's Intraday Session

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Fluor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flr#NYSE">FLR</a>) to report quarterly earnings at 57 cents per share on revenue of $4.11 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Fluor shares fell 0.7% to $41.80 in after-hours trading.
The L.S. Starrett Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scx#NYSE">SCX</a>) reported a loss of 5 cents per share versus a year-ago profit of 42 cents per share for the year-ago quarter. The company said net sales fell 7% year-over-year to $62.1 million for its fiscal 2024 second quarter. L.S. Starrett shares fell 6.2% to $12.47 in the after-hours trading session.
Analysts are expecting The Home Depot, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hd#NYSE">HD</a>) to earn $2.76 per share on revenue of $34.63 billion for the latest quarter. The company will release earnings before the markets open. Home Depot shares fell 0.1% to $362.17 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
After the closing bell, Palo Alto Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/panw#NYSE">PANW</a>) is projected to post quarterly earnings of $1.30 per share on revenue of $1.97 billion. Palo Alto shares gained 0.3% to $367.50 in the after-hours trading session.
Analysts expect Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) to report quarterly earnings at $1.65 per share on revenue of $170.71 billion before the opening bell. Walmart shares fell 0.4% to $169.62 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/news/24/02/37178295/top-5-industrials-stocks-that-may-collapse-this-quarter"> Top 5 Industrials Stocks That May Collapse This Quarter </a>

L.S. Starrett Company Q2 2024 EPS $(0.05) Down From $0.42 YoY; Revenue $62.076M Down From $66.775M YoY

L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) reported quarterly earnings of $0.25 per share. This is a 7.41 percent decrease over earnings of $0.27 per share from the same period last year. The company reported $60.64 million in sales this quarter. This is a 0.29 percent increase over sales of $60.46 million the same period last year.

L S Starrett Q1 EPS $0.25 Down From $0.27 YoY, Sales $60.64M Up From $60.46M YoY

<h3>Understanding Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching:</h2>
<ol>
<li>BlueLinx Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXC#NYSE">BXC</a>) - P/E: 7.15</li>
<li>Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) - P/E: 2.89</li>
<li>MDU Resources Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDU#NYSE">MDU</a>) - P/E: 7.08</li>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) - P/E: 3.53</li>
<li>Titan Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWI#NYSE">TWI</a>) - P/E: 6.35</li>
</ol>
BlueLinx Hldgs saw an increase in earnings per share from 2.91 in Q2 to $2.98 now. Most recently, Ardmore Shipping reported earnings per share at $0.49, whereas in Q2 earnings per share sat at $0.57. Most recently, the company reported a dividend yield of 4.7%, which has decreased by 0.7% from last quarter's yield of 5.4%.
MDU Resources Gr looks to be undervalued. It possesses an EPS of $0.29, which has not changed since last quarter (Q2). The company's most recent dividend yield sits at 2.25%, which has decreased by 0.86% from 3.11% last quarter. 
Most recently, L S Starrett reported earnings per share at $-0.05, whereas in Q3 earnings per share sat at $0.35. The company's most recent dividend yield sits at 4.73%, which has decreased by 0.4% from 5.13% last quarter. 
This quarter, Titan Intl experienced a decrease in earnings per share, which was $0.43 in Q2 and is now $0.29. Its most recent dividend yield is at 1.04%, which has increased by 0.45% from 0.59% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

A Look Into Industrials Sector Value Stocks

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the industrials sector:</h2>
<ol>
<li>StealthGas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GASS#NASDAQ">GASS</a>) - P/E: 4.83</li>
<li>Heidrick &amp; Struggles Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSII#NASDAQ">HSII</a>) - P/E: 8.64</li>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) - P/E: 3.65</li>
<li>American Airlines Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) - P/E: 3.08</li>
<li>Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) - P/E: 3.54</li>
</ol>
This quarter, StealthGas experienced a decrease in earnings per share, which was $0.45 in Q1 and is now $0.28. This quarter, Heidrick &amp; Struggles Intl experienced a decrease in earnings per share, which was $0.76 in Q1 and is now $0.73. The company's most recent dividend yield sits at 2.21%, which has increased by 0.06% from 2.15% last quarter. 
L S Starrett has reported Q4 earnings per share at $-0.05, which has decreased by 114.29% compared to Q3, which was 0.35. Most recently, the company reported a dividend yield of 4.73%, which has decreased by 0.4% from last quarter's yield of 5.13%.
American Airlines Group's earnings per share for Q2 sits at $1.92, whereas in Q1, they were at 0.05. The company's most recent dividend yield sits at 1.46%, which has increased by 0.05% from 1.41% last quarter. 
Avis Budget Gr's earnings per share for Q2 sits at $11.01, whereas in Q1, they were at 7.72. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

GASS

HSII

Overview Of Value Stocks In The Industrials Sector

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching:</h2>
<ol>
<li>CPI Aerostructures (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CVU#AMEX">CVU</a>) - P/E: 5.04</li>
<li>Performance Shipping (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSHG#NASDAQ">PSHG</a>) - P/E: 0.04</li>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) - P/E: 5.13</li>
<li>Harte-Hanks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HHS#NASDAQ">HHS</a>) - P/E: 1.38</li>
<li>Triton International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRTN#NYSE">TRTN</a>) - P/E: 8.14</li>
</ol>
CPI Aerostructures has reported Q1 earnings per share at $0.08, which has increased by 166.67% compared to Q4, which was 0.03. Most recently, Performance Shipping reported earnings per share at $0.46, whereas in Q1 earnings per share sat at $0.55. L S Starrett's earnings per share for Q3 sits at $0.35, whereas in Q2, they were at 0.42. Most recently, the company reported a dividend yield of 4.73%, which has decreased by 0.4% from last quarter's yield of 5.13%.
Harte-Hanks's earnings per share for Q1 sits at $-0.11, whereas in Q4, they were at 0.08. The company's most recent dividend yield sits at 10.59%, which has increased by 0.76% from 9.83% last quarter. 
Most recently, Triton International reported earnings per share at $2.38, whereas in Q1 earnings per share sat at $2.42. Most recently, the company reported a dividend yield of 3.32%, which has decreased by 0.07% from last quarter's yield of 3.39%.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

PSHG

TRTN

5 Value Stocks In The Industrials Sector

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Markforged Holding Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mkfg#NYSE">MKFG</a>)</h3>
<ul>
<li>Markforged Holding posted upbeat quarterly results. &quot;We have started the year strong with another record first quarter revenues and the largest pipeline in our company&rsquo;s history. Demand for the Digital Forge grew across all geographies in Q1, as an increasing number of manufacturers are choosing our metal and composite solutions to solve mission-critical metal applications at the point of need,&quot; said Shai Terem, President and CEO of Markforged. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/MKFG">52-week high of $3.24. </a>.</li>
<li>RSI Value: 76.59</li>
<li>MKFG Price Action: Shares of Markforged Holding jumped 40% to close at $1.61 on Monday.</li>
</ul>
<h3>Fathom Digital Manufacturing Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fath#NYSE">FATH</a>)</h3>
<ul>
<li>Fathom Digital Mfg posted a narrower-than-expected quarterly loss. &quot;Our results for the first quarter reflect the strong execution of our $19.5 million optimization plan, enabling Fathom to extend its history of Adjusted EBITDA and cash generation,&quot; said Ryan Martin, Fathom Chief Executive Officer. The company&rsquo;s <a href="https://www.benzinga.com/quote/FATH"> stock has a 52-week high </a> of $4.79</li>
<li>RSI Value: 71.60</li>
<li>FATH Price Action: Shares of Fathom Digital Manufacturing jumped 10.1% to close at $0.4626 on Monday.</li>
</ul>
<h3>Dragonfly Energy Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dfli#NASDAQ">DFLI</a>)</h3>
<ul>
<li>Dragonfly Energy Holdings recently said it will be awarded a new U.S. patent based on a notice of allowance from the United States Patent and Trademark Office (USPTO) for U.S. Patent Application No. 29/858,079. The company has a <a href="https://www.benzinga.com/quote/DFLI"> 52-week high </a> of $28.75.</li>
<li>RSI Value: 76.35</li>
<li>DFLI Price Action: Shares of Dragonfly Energy jumped 14.1% to close at $2.84 on Monday.</li>
</ul>
<h3>Toro Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/toro#NASDAQ">TORO</a>)</h3>
<ul>
<li>Toro said that on June 15, 2023, the company entered into an agreement with an unaffiliated third-party for the sale of the M/T Wonder Musica, a 2004-built Aframax/LR2 tanker. The company&rsquo;s 52-week high is $26.00.</li>
<li>RSI Value: 82.92</li>
<li>TORO Price Action: Shares of Toro jumped 12.3% to close at $4.92 on Monday.</li>
</ul>
<h3>The L.S. Starrett Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scx#NYSE">SCX</a>)</h3>
<ul>
<li>L S Starrett reported a decline in third-quarter EPS. &ldquo;I am pleased with the overall strengthening of our balance sheet made in this quarter. Our teams have delivered significant improvements in cash flow and a reduction of debt despite headwinds in our international markets and broader global economic uncertainty,&rdquo; said Douglas A. Starrett, President and Chief Executive Officer. The company <a href="https://www.benzinga.com/quote/SCX"> has a 52-week high </a> of $12.82.</li>
<li>RSI Value: 73.52</li>
<li>SCX Price Action: Shares of L.S. Starrett gained 11% to settle at $12.50 on Monday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/07/33345445/over-2m-bet-on-safety-insurance-group-check-out-these-3-stocks-insiders-are-buying"> Over $2M Bet On Safety Insurance Group? Check Out These 3 Stocks Insiders Are Buying </a>

<h3>Gainers</h3>
<ul>
<li>Markforged Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKFG#NYSE">MKFG</a>) stock rose 37.4% to $1.58 during Monday's regular session. The current volume of 4.7 million shares is 469.1% of Markforged Holding's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $310.2 million. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) stock moved upwards by 27.5% to $1.53. Trading volume for this security as of 13:30 EST is 8.2 million, which is 195.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $90.6 million. </li>
<li>Fathom Digital Mfg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FATH#NYSE">FATH</a>) shares increased by 11.76% to $0.47. The company's market cap stands at $32.7 million. </li>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) shares increased by 10.92% to $12.49. The current volume of 59.3K shares is 345.7% of L S Starrett's average full-day volume over the last 100 days (last updated at 13:30 EST). The market value of their outstanding shares is at $92.7 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) shares increased by 10.04% to $2.74. As of 13:30 EST, this security is trading at a volume of 13.7 million shares, making up 594.5% of its average full-day volume over the last 100 days. The company's market cap stands at $156.9 million. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares moved upwards by 8.33% to $0.39. Trading volume for this security as of 13:30 EST is 697.5K, which is 63.1% of its average full-day volume over the last 100 days. The company's market cap stands at $37.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Guardforce AI Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFAI#NASDAQ">GFAI</a>) stock declined by 22.9% to $6.48 during Monday's regular session. As of 13:30 EST, Guardforce AI Co's stock is trading at a volume of 7.6 million, which is 168.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $44.6 million. </li>
<li>Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) shares declined by 12.16% to $3.18. The market value of their outstanding shares is at $150.8 million. </li>
<li>Performant Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFMT#NASDAQ">PFMT</a>) stock declined by 10.26% to $2.85. As of 13:30 EST, this security is trading at a volume of 105.6K shares, making up 33.5% of its average full-day volume over the last 100 days. The company's market cap stands at $214.8 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares decreased by 9.85% to $1.19. The company's market cap stands at $18.9 million. </li>
<li>Ryanair Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) shares fell 8.94% to $97.92. As of 13:30 EST, Ryanair Holdings's stock is trading at a volume of 1.0 million, which is 225.0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $22.3 billion. As per the press release, Q1 earnings came out today. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares decreased by 8.42% to $0.25. As of 13:30 EST, this security is trading at a volume of 950.2K shares, making up 149.5% of its average full-day volume over the last 100 days. The company's market cap stands at $14.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AWIN

CRGO

KSCP

MNTS

PFMT

RYAAY

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching:</h2>
<ol>
<li>L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) - P/E: 4.66</li>
<li>StealthGas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GASS#NASDAQ">GASS</a>) - P/E: 2.74</li>
<li>Golden Ocean Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) - P/E: 4.52</li>
<li>Quanex Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NX#NYSE">NX</a>) - P/E: 8.95</li>
<li>Triton International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRTN#NYSE">TRTN</a>) - P/E: 7.64</li>
</ol>
L S Starrett has reported Q3 earnings per share at $0.35, which has decreased by 16.67% compared to Q2, which was 0.42. The company's most recent dividend yield sits at 4.73%, which has decreased by 0.4% from 5.13% last quarter. 
This quarter, StealthGas experienced an increase in earnings per share, which was $0.28 in Q4 and is now $0.45. Golden Ocean Group's earnings per share for Q1 sits at $0.01, whereas in Q4, they were at 0.34. Most recently, the company reported a dividend yield of 4.68%, which has decreased by 3.74% from last quarter's yield of 8.42%.
Quanex Building Prods saw a decrease in earnings per share from 0.75 in Q4 to $0.18 now. Its most recent dividend yield is at 1.53%, which has increased by 0.3% from 1.23% in the previous quarter.
Triton International has reported Q1 earnings per share at $2.42, which has decreased by 12.32% compared to Q4, which was 2.76. Its most recent dividend yield is at 3.39%, which has decreased by 0.45% from 3.84% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

GOGL

L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) reported quarterly earnings of $0.35 per share. This is a 38.6 percent decrease over earnings of $0.57 per share from the same period last year. The company reported $61.68 million in sales this quarter. This is a 1.98 percent increase over sales of $60.48 million the same period last year.

L S Starrett Q3 EPS $0.35 Down From $0.57 YoY, Sales $61.68M Up From $60.48M YoY

The L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) reported quarterly earnings of $0.42 per share. This is a 23.53 percent increase over earnings of $0.34 per share from the same period last year. The company reported $66.80 million in sales this quarter. This is a 8.94 percent increase over sales of $61.32 million the same period last year.

The L S Starrett Q2 EPS $0.42 Up From $0.34 YoY, Sales $66.80M Up From $61.32M YoY

The L S Starrett (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCX#NYSE">SCX</a>) reported quarterly earnings of $0.27 per share. This is a 38.64 percent decrease over earnings of $0.44 per share from the same period last year. The company reported $60.50 million in sales this quarter. This is a 1.65 percent decrease over sales of $61.51 million the same period last year.

The L S Starrett Q1 EPS $0.27 Down From $0.44 YoY, Sales $60.50M Down From $61.51M YoY

AAPL

ACLS

ACON

AFRM

ALLO

AMTD

AMZN

APWC

ATHX

AVCT

BEAM

BXRX

CAAS

CALA

CHEK

CLAR

CLEU

CRDO

CVAC

CVNA

DELL

DNMR

DOMO

DRUG

ELOX

EMBK

EVBG

FATE

FTCH

FWBI

GLTO

GSUN

HAIN

HSCS

Kiora Pharmaceuticals, Inc. - Common Stock

KPRX

LTRX

MEDS

MEGL

MFGP

MRVL

MSFT

MSPR

NEPT

NERV

NVDA

OTEX

PEAR

PRCH

PRDS

SAVA

SGEN

SLNO

SONX

STBX

SXTC

TEDU

TRUP

TYRA

UPST

VACC

VEEE

VIVK

VRAX

VTEX

WAFU

WDAY

WETG

Why Everbridge Jumped Over 17%; Here Are 90 Biggest Movers From Friday

U.S. stocks extended losses toward the end trading, with the Dow Jones dropping more than 700 points on Friday.
Powell said the Federal Reserve&rsquo;s goal remains getting inflation back down to a goal of 2%. &ldquo;Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy,&rdquo; Powell said. &ldquo;Without price stability, the economy does not work for anyone.&rdquo;
The Dow traded down 2.22% to 32,551.59 while the NASDAQ fell 3.19% to 12,236.69. The S&amp;P 500 also fell, dropping, 2.57% to 4,091.15.
<a href="https://www.benzinga.com/markets/cryptocurrency/22/08/28644950/bitcoin-ethereum-record-losses-ahead-of-powells-speech-here-are-the-top-crypto-movers-for-">Also check this: Bitcoin, Ethereum Record Losses Ahead Of Powell&#39;s Speech; Here Are The Top Crypto Movers For Friday </a>

Leading and Lagging Sectors

Energy shares fell by just 0.4% on Friday. Meanwhile, top gainers in the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> included Kosmos Energy Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kos#NYSE">KOS</a>), up 5% and Vertex Energy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtnr#NASDAQ">VTNR</a>) up 5%.

In trading on Friday, information technology shares dipped by 3.4%.

Top Headline

U.S. personal spending rose 0.1% month-over-month in July, while personal income increased 0.2%. The personal consumption expenditure price index declined 0.1% month-over-month in July after increasing 1% in June.

Equities Trading UP
&nbsp;
<ul>
<li>Micro Focus International plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mfgp#NYSE">MFGP</a>) shares shot up 93% to $6.05 after the company reached an agreement with OpenText to be acquired for $6 billion.</li>
<li>Shares of The L.S. Starrett Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scx#NYSE">SCX</a>) got a boost, shooting 21% to $9.19 after the company reported a rise in FY22 EPS and sales results.</li>
<li>Farfetch Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ftch#NYSE">FTCH</a>) shares were also up, gaining 26% to $12.06 after reporting better-than-expected quarterly results. Additionally, multiple analysts raised their price target on the stock.</li>
</ul>

&nbsp;
Equities Trading DOWN
<ul>
<li>Domo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/domo#NASDAQ">DOMO</a>) shares tumbled 31% to $19.87 after the company reported worse-than-expected Q2 sales results and issued Q3 and FY23 sales guidance below analyst estimates. Additionally, multiple analysts lowered their price target on the stock.</li>
<li>Shares of Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) were down 23% to $24.12 after the company reported worse-than-expected Q4 EPS results and issued Q1 FY23 sales guidance below estimates.</li>
<li>Athersys, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/athx#NASDAQ">ATHX</a>) was down, falling 25% to $0.1311 after the company reported a 1-for-25 reverse stock split.</li>
</ul>


<a href="https://www.benzinga.com/news/earnings/22/08/28645142/market-volatility-decreases-further-as-investors-await-powell-speech">Also check out: Market Volatility Decreases Further As Investors Await Powell Speech </a>

Commodities
In commodity news, oil traded up 0.2% to $92.74, while gold traded down 1.2% to $1,749.90.

Silver traded down 1.9% to $18.75 on Friday while copper fell 0.4% to $3.6860.
Euro zone

European shares closed lower today. The eurozone&rsquo;s STOXX 600 fell 1.68%, London&rsquo;s FTSE 100 fell 0.70% while Spain&rsquo;s IBEX 35 Index fell 1.51%. The German DAX declined 2.26%, French CAC 40 fell 1.68% and Italy&rsquo;s FTSE MIB Index dipped 2.49%.
Loans to households in the Eurozone increased 4.5% year-over-year in July. Italian consumer confidence climbed by 3.5 points to 98.3 in August from 94.8 a month ago, while manufacturing confidence declined by 2.1 points to 104.3 in August.
The consumer confidence index in France rose to 82 in August from 80 in July, while GfK Consumer Climate Indicator for Germany declined to a fresh record low level of -36.5 heading into September.
&nbsp;
Economics
&nbsp;
<ul>
<li>The US goods trade deficit shrank to $89.1 billion in July from a revised $98.6 billion in the prior month.</li>
<li>U.S. personal spending rose 0.1% month-over-month in July, while personal income increased 0.2%. The personal consumption expenditure price index declined 0.1% month-over-month in July after increasing 1% in June.</li>
<li>Wholesale inventories rose by 0.8% month-over-month to $902.9 billion in July.</li>
<li>The University of Michigan consumer sentiment was revised higher to 58.2 in August from a preliminary reading of 55.1.</li>
<li>The total number of active U.S. oil rigs climbed by 4 to 605 rigs this week, Baker Hughes Inc reported.</li>
</ul>

<a href="https://www.benzinga.com/news/earnings/22/08/28646005/investor-sentiment-improves-with-powells-speech-in-focus">Check out this: Investor Sentiment Improves With Powell&#39;s Speech In Focus</a>

COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 95,844,670 cases with around 1,068,110 deaths. India confirmed a total of at least 44,389,170 cases and 527,550 deaths, while France reported over 34,428,730 COVID-19 cases with 153,800 deaths. In total, there were at least 604,479,650 cases of COVID-19 worldwide with more than 6,483,560 deaths.

Eurozone

Commodities

Global

Intraday Update

VTNR

Dow Dips Over 700 Points, S&P 500 Down 2.5%

L S Starrett Co Class A (SCX) stock is up 44.77% over the last 12 months. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives SCX stock a score of  28 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 35. SCX's rank also includes a short-term technical score of 48.  SCX has an Overa

L S Starrett Co Class A (SCX) Stock Adds 13.73% This Week; Should You Buy?

Laser Photonics, Eos Energy, Universal Security Instruments among industrial movers

These Industrials stocks are trading higher:-Laser Photonics Corp (LASE) stock is trading at $1.41, an increase of $0.31, or 28.18%, on high volume.  Laser Photonics Corp gets a Sentiment Score of Very Bullish from InvestorsObserver.  -ZIM Integrated Shipping Services Ltd (ZIM) stock is trading at $9.55, a gain of $1.38, o

Industrials Stocks on the Move Friday: LASE, ZIM, SCX, CBAT, EOSE, SFWL, UUU, NX

L.S. Starrett Could Be Becoming A Value Trap (Rating Downgrade)

The L.S. Starrett GAAP EPS of -$0.05, revenue of $62.1M

The market has been down on L S Starrett Co Class A (SCX)  stock recently. SCX gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. L S Starrett Co Class A has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SCX!See Full SCX ReportWhat is Stock Sentiment?W

Is it Time to Dump L S Starrett Co Class A (SCX) Stock After it Is Lower By 17.37% in a Week?

An announcement from LS Starrett Company (SCX) is now available. The L.S. Starrett Company is set to become a subsidiary of Uhu Inc., an affiliate ...

LS Starrett Company: Significant Merger and Leadership Changes

L.S. Starrett Co to become private in $16.19/share pact with MiddleGround

L S Starrett Co Class A (SCX) stock has gained 40.66% over the last 12 months. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives SCX stock a score of  19 out of a possible 100. That rank is  influenced by a short-term technical score of 26. SCX's rank also includes a long-term technical score of 29.  SCX has an Overall

L S Starrett Co Class A (SCX) Stock Has Gained 57.87% This Week: Buy, Hold, or Sell?