Star Equity (NASDAQ:STRR) Shares Up 1.4%

Star Equity Holdings, Inc. (NASDAQ:STRR)’s share price was up 1.4% during mid-day trading on Wednesday . The stock traded as high as $0.93 and last traded at $0.91. Approximately 4,901 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 27,792 shares. The stock had previously closed at $0.90.

Star Equity Price Performance

The company has a market cap of $14.46 million, a price-to-earnings ratio of 0.62 and a beta of 0.23. The stock has a 50-day moving average price of $0.91 and a 200 day moving average price of $0.96.

Star Equity (NASDAQ:STRR) last announced its earnings results on Friday, March 22nd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. Star Equity had a net margin of 42.49% and a negative return on equity of 0.33%. The firm had revenue of $14.11 million for the quarter, compared to the consensus estimate of $9.00 million. Sell-side analysts expect that Star Equity Holdings, Inc. will post -0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Equity Fund Lp Star bought 150,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was purchased at an average price of $0.28 per share, for a total transaction of $42,000.00. Following the acquisition, the insider now owns 1,969,772 shares in the company, valued at $551,536.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 209,257 shares of company stock worth $56,276 over the last ninety days. Company insiders own 28.83% of the company’s stock.

About Star Equity

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.