Star Equity (NASDAQ:STRR) Posts Quarterly Earnings Results, Misses Estimates By $0.30 EPS

Star Equity (NASDAQ:STRR) released its quarterly earnings data on Thursday. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.30), Zacks reports. Star Equity had a negative return on equity of 3.81% and a negative net margin of 2.81%.

Star Equity Price Performance

Shares of STRR traded up $0.18 during trading hours on Thursday, hitting $10.36. 7,092 shares of the stock were exchanged, compared to its average volume of 11,948. The firm has a market capitalization of $28.53 million, a P/E ratio of -7.97 and a beta of 0.42. The business has a 50-day moving average of $10.65 and a 200-day moving average of $5.13. Star Equity has a fifty-two week low of $8.26 and a fifty-two week high of $15.90.

Analyst Upgrades and Downgrades

STRR has been the topic of several research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Star Equity in a report on Wednesday, October 8th. Maxim Group downgraded shares of Star Equity from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Star Equity has an average rating of “Reduce” and an average target price of $5.00.

Insider Activity

In related news, CEO Jeffrey E. Eberwein acquired 12,000 shares of Star Equity stock in a transaction dated Wednesday, September 17th. The stock was bought at an average price of $10.94 per share, with a total value of $131,280.00. Following the transaction, the chief executive officer directly owned 651,595 shares in the company, valued at $7,128,449.30. This represents a 1.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders purchased 67,113 shares of company stock worth $722,993 and sold 31,105 shares worth $287,007. Insiders own 33.51% 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.