Star Equity (NASDAQ:STRR) Announces Quarterly Earnings Results

Star Equity (NASDAQ:STRR) announced its earnings results on Thursday. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 Trading Up 1.9%

Star Equity stock traded up $0.19 during midday trading on Thursday, hitting $10.37. The stock had a trading volume of 7,245 shares, compared to its average volume of 11,954. Star Equity has a 12 month low of $8.26 and a 12 month high of $15.90. The stock has a market cap of $28.57 million, a P/E ratio of -7.98 and a beta of 0.42. The business has a fifty day moving average price of $10.65 and a 200 day moving average price of $5.13.

Insider Buying and Selling at Star Equity

In related news, CEO Jeffrey E. Eberwein purchased 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were purchased at an average price of $11.20 per share, with a total value of $29,120.00. Following the purchase, the chief executive officer owned 681,747 shares of the company’s stock, valued at $7,635,566.40. This trade represents a 0.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders acquired 67,113 shares of company stock valued at $722,993 and sold 31,105 shares valued at $287,007. 33.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STRR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a research report on Wednesday, October 8th. Maxim Group cut 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. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $5.00.

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.