Star Equity (NASDAQ:STRR) Issues Quarterly Earnings Results

Star Equity (NASDAQ:STRR) issued its quarterly earnings results on Wednesday. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.12), Zacks reports. Star Equity had a negative return on equity of 4.21% and a negative net margin of 4.35%.

Star Equity Stock Up 6.9%

Shares of Star Equity stock traded up $0.61 during trading on Wednesday, reaching $9.40. 13,304 shares of the company traded hands, compared to its average volume of 7,046. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.96 and a quick ratio of 1.73. Star Equity has a 1-year low of $8.58 and a 1-year high of $11.91. The company has a 50 day moving average price of $9.91 and a 200-day moving average price of $10.25. The firm has a market capitalization of $34.69 million, a PE ratio of -3.07 and a beta of 0.48.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STRR. Weiss Ratings upgraded shares of Star Equity from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 28th. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.00.

About Star Equity

Star Equity Holdings, Inc. is a diversified holding company headquartered in the United States. Formerly known as Digirad Corporation, the company adopted the Star Equity Holdings name as it expanded beyond its original healthcare operations. Through its Building Solutions segment, Star Equity provides structural wall panels, engineered wood products and related construction services for residential and commercial projects. Its operations support builders and developers with off-site and prefabricated construction products designed for use in a range of building applications.