Weiss Ratings Reiterates Sell (E+) Rating for Star Equity (NASDAQ:STRR)

Star Equity (NASDAQ:STRR)‘s stock had its “sell (e+)” rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Separately, Maxim Group lowered Star Equity from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $5.00.

Star Equity Stock Performance

Shares of STRR opened at $11.02 on Friday. The company has a 50-day simple moving average of $8.53 and a 200-day simple moving average of $4.33. The firm has a market capitalization of $30.42 million, a P/E ratio of -8.48 and a beta of 0.40. Star Equity has a 52 week low of $8.26 and a 52 week high of $15.90.

Star Equity (NASDAQ:STRR) last posted its quarterly earnings results on Friday, June 3rd. The company reported ($0.35) EPS for the quarter. The firm had revenue of $22.35 million during the quarter. Star Equity had a negative net margin of 2.81% and a negative return on equity of 3.81%. As a group, equities analysts forecast that Star Equity will post -1.2 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey E. Eberwein bought 12,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was acquired at an average cost of $10.94 per share, with a total value of $131,280.00. Following the acquisition, the chief executive officer owned 651,595 shares in the company, valued at approximately $7,128,449.30. This represents a 1.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders purchased 67,113 shares of company stock valued at $722,993 and sold 31,105 shares valued at $287,007. Insiders own 10.40% of the company’s stock.

Star Equity Company Profile

Star Equity Holdings, Inc engages in the construction business in the United States and internationally. It operates through two segments: Construction, and Investments. It manufactures modular housing units, structural wall panels, permanent wood foundation systems, and other engineered wood products; supplies general contractors with building materials; holds real estate assets; and manages investments.