Zacks Research downgraded shares of Star Equity (NASDAQ:STRR – Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks reports.
Separately, Weiss Ratings upgraded Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.00.
View Our Latest Analysis on STRR
Star Equity Price Performance
NASDAQ STRR opened at $9.94 on Monday. The firm’s fifty day simple moving average is $10.09 and its two-hundred day simple moving average is $10.43. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.09. Star Equity has a 12-month low of $8.95 and a 12-month high of $11.91. The firm has a market capitalization of $36.68 million, a P/E ratio of -3.25 and a beta of 0.50.
Star Equity (NASDAQ:STRR – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $54.94 million for the quarter, compared to analyst estimates of $56.92 million. Star Equity had a negative return on equity of 4.21% and a negative net margin of 4.35%. Analysts forecast that Star Equity will post -1.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Star Equity
A hedge fund recently bought a new stake in Star Equity stock. North Star Investment Management Corp. bought a new position in Star Equity Holdings, Inc. (NASDAQ:STRR – Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 55,000 shares of the company’s stock, valued at approximately $565,000. North Star Investment Management Corp. owned approximately 1.48% of Star Equity as of its most recent SEC filing. Institutional investors and hedge funds own 3.84% of the company’s stock.
Star Equity Company Profile
Star Equity Holdings, Inc is a diversified holding company that operates primarily through its Building Solutions and Healthcare businesses. The company was formerly known as Digirad Corporation and adopted the Star Equity name as it expanded beyond its historical healthcare operations.
Through its Building Solutions segment, Star Equity provides engineered building products and construction services, including modular and prefabricated structures, structural wall panels, and related components for residential, commercial, and other construction applications.
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