Star Equity (NASDAQ:STRR – Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.04), Zacks reports. Star Equity had a negative return on equity of 1.17% and a negative net margin of 3.44%.
Star Equity Price Performance
STRR remained flat at $9.46 on Monday. 1,444 shares of the company traded hands, compared to its average volume of 2,868. The stock’s 50 day simple moving average is $9.74 and its 200 day simple moving average is $10.24. The stock has a market cap of $35.10 million, a price-to-earnings ratio of -4.61 and a beta of 0.43. Star Equity has a 52 week low of $8.26 and a 52 week high of $11.99. The company has a current ratio of 2.10, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09.
Insider Buying and Selling
In related news, CEO Jeffrey E. Eberwein sold 7,722 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $9.95, for a total value of $76,833.90. Following the completion of the transaction, the chief executive officer directly owned 764,217 shares of the company’s stock, valued at approximately $7,603,959.15. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have purchased 4,227 shares of company stock valued at $42,248 and have sold 23,000 shares valued at $229,020. Company insiders own 10.40% of the company’s stock.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on STRR. Noble Financial upgraded shares of Star Equity to a “strong-buy” rating in a research note on Wednesday, March 4th. Weiss Ratings upgraded shares of Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Litchfield Hills Research raised their price target on shares of Star Equity from $21.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Finally, Zacks Research upgraded shares of Star Equity from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $16.50.
Get Our Latest Report on Star Equity
About Star Equity
Hudson Global, Inc is a publicly traded talent acquisition and recruitment firm that provides a range of staffing and workforce solutions to organizations around the world. Operating primarily through two service lines—recruitment process outsourcing (RPO) and retained executive search—the company connects employers with qualified professionals across a variety of disciplines, including finance, accounting, technology, human resources and legal. Its flexible engagement models encompass project-based sourcing, volume hiring and high-level leadership searches, enabling clients to tailor recruitment strategies to their specific business objectives.
With a global footprint spanning North America, Europe, Asia-Pacific and Latin America, Hudson Global supports multinational corporations as well as regional and niche market clients.
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