Star Equity (NASDAQ:STRR) Announces Quarterly Earnings Results

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

Star Equity Stock Performance

Shares of STRR stock traded up $0.61 on Wednesday, hitting $9.40. The company had a trading volume of 13,304 shares, compared to its average volume of 7,046. Star Equity has a twelve month low of $8.58 and a twelve month high of $11.91. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.09. The firm has a market cap of $34.69 million, a P/E ratio of -3.07 and a beta of 0.48. The company has a 50-day moving average price of $9.91 and a 200-day moving average price of $10.25.

Wall Street Analysts Forecast Growth

STRR has been the topic of a number of research reports. Zacks Research lowered shares of Star Equity from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.00.

Star Equity Company Profile

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.