Starrett L. S. is engaged in the manufacturing of products for industrial and consumer markets. Co. provides measuring and cutting products to the market. Co.'s products include precision tools, electronic gages, gage blocks, optical, vision, laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, reciprocating saw blades, M1® lubricant and precision ground flat stock. Co. distributes its precision hand tools, saw and construction products via distributors or resellers. Co.'s segments are: North American Industrial, International Industrial, and Global Test and Measurement. We show 56 historical shares outstanding datapoints in our SCX shares outstanding history coverage, used to compute SCX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SCX market cap history over the course of time is important for investors
interested in comparing SCX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SCX versus a peer is one thing; comparing
SCX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SCX can fluctuate over the course of history.
With this page we aim to empower investors researching SCX by allowing them to research the SCX market cap history. |
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Video: The Importance of Market Cap
